💿Silver bounces back sharply❗

Precious metals are performing very well today, which is an extension of yesterday's session, which was driven by the Fed's decision. US central bank decided to further normalize the monetary policy and announced a sharper path of interest rate increases. Additionally, today some changes were also communicated by the BoE and the ECB. Of course, higher rates are rather negative for precious metals, but it is also worth remembering that the first hike is often a turning point, and now, in line with the seasonality, we can at least expect an upward correction. Of course, the metals themselves are also driven by the EURUSD rally, which is related to the bank's decisions.

The price of silver today increased by nearly 2%, while from yesterday's low price gained almost 5%. Additionally, it is worth noting that yesterday's low at $ 21.5 also painted a potential double low formation. Theoretically, the range of this pattern is located around $ 30.00, however earlier buyers will need to deal with the resistance at $23.5 which is strengthened by 23.6 Fibonacci retracement of the last downward wave and the 50 SMA.

Additionally, it is worth noting that a similar upward movement is also taking place in the gold market. The price is testing resistance at $ 1,800 which coincides with a 50 SMA.

Source: xStation5

13 October 2026, 6:41 PM

Daily Summary: Earnings Season Kicks Off on Wall Street Amid Mixed Sentiment

13 October 2026, 1:02 PM

Market Wrap: European Stocks Rise as Banks Beat Earnings Expectations

13 October 2026, 6:10 AM

Morning Wrap: Tech Crash in Asia and Hawkish Central Banks in the Shadow of an Oil Shock (13.10.2026)

12 October 2026, 6:59 PM

Daily Summary: Investors Concerns Rise Ahead of Earnings Season

Commodities

Prefer XTB on Google

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days