During today’s session one might spot a rebound on precious metals markets which were under sellers’ pressure yesterday. Gold was gaining over 1% today while silver was adding 1.5%. Weaker USD supports precious metals markets sentiment. As far as technical analysis is concerned, silver prices managed to rebound from key support level at $23.9. Currently bulls are struggling with resistance near $24.5. Should market participants break above, an upward move might accelerate.
Silver, H1 time frame. Source: xStation5
Daily Summary: Shutdown ends, rate cut fades and risk is off
BREAKING: Oil inventories raise more than expected! 🛢️📈
Daily summary: Markets Show Slight Optimism Despite the U.S. Shutdown
Silver up 4% on hopes of shutdown ending