XAG four-hour silver price stabilizes above the Bollinger Band upper band, with increasing MACD red bars, indicating a clear upward trend.
In terms of international situation, the escalation of Middle East conflicts has boosted market risk aversion, leading funds to flow into precious metals; expectations of Federal Reserve rate cuts persist, and a weaker dollar further boosts silver prices. Meanwhile, the global silver supply and demand gap is widening, with strong photovoltaic and industrial demand providing support for the market.
Recommendation: Intraday, consider buying in batches at 94.7-95.1, with targets of 96.5 and 97.3$XAG
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
XAG four-hour silver price stabilizes above the Bollinger Band upper band, with increasing MACD red bars, indicating a clear upward trend.
In terms of international situation, the escalation of Middle East conflicts has boosted market risk aversion, leading funds to flow into precious metals; expectations of Federal Reserve rate cuts persist, and a weaker dollar further boosts silver prices. Meanwhile, the global silver supply and demand gap is widening, with strong photovoltaic and industrial demand providing support for the market.
Recommendation:
Intraday, consider buying in batches at 94.7-95.1, with targets of 96.5 and 97.3$XAG