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Gold Glimmering with Hope: Job Data Fuels Short-Term Price RiseGold prices in overseas markets experienced a welcome climb on Friday, snapping a three-day losing streak. Spot gold at the Comex exchange, a key benchmark, rose by $17 to $2,322 per ounce. This upward movement can be attributed to two key factors: recent US jobless data and ongoing uncertainty surrounding the Federal Reserve's monetary policy. The release of US unemployment data on Thursday played a pivotal role in boosting gold's appeal. The data hinted at a potential softening in the previously red-hot US labor market. This has sparked speculation among some analysts that the Federal Reserve may consider slowing down its aggressive interest rate hike plans in the near future. The Fed has been raising interest rates to combat persistent inflation. However, these rate hikes tend to strengthen the US dollar, making gold – a non-interest-bearing asset – less attractive to investors. So, any indication of a pause or slowdown in the rate hike cycle can be seen as positive news for gold prices. This sentiment was further bolstered by the performance of silver, another precious metal often viewed as a proxy for gold. Silver prices also rose, climbing to $29.20 per ounce from the previous day's closing of $28.94. Looking at the bigger picture, the overall outlook for gold prices in the short term remains somewhat bearish. The Fed's hawkish pronouncements, persistent inflation concerns, and a potentially strengthening US dollar continue to pose headwinds for the precious metal. Here's a breakdown of the key factors influencing gold prices: • Weakening US Labor Market: The recent US jobless data suggesting a potential slowdown in the labor market has fueled speculation of a pause in interest rate hikes by the Fed, which could benefit gold prices. • Federal Reserve Policy: The Fed's aggressive tightening of monetary policy through interest rate hikes is a major challenge for gold. Higher rates strengthen the dollar and make gold less attractive as an investment. • Inflation: Inflationary pressures remain a concern, and the upcoming PCE data release could significantly impact gold prices. A higher-than-expected inflation reading could reinforce the need for continued rate hikes, putting downward pressure on gold. • US Dollar Strength: A strong US dollar makes gold more expensive for foreign investors, further limiting demand. While the short-term outlook may be uncertain, gold's long-term value proposition as a safe-haven asset remains intact. Investors seeking a hedge against inflation and economic uncertainty may continue to view gold as a valuable addition to their portfolios. In conclusion, gold prices experienced a temporary reprieve on Friday, driven by hopes of a shift in the Fed's monetary policy. However, the release of key inflation data later in the day and the broader economic landscape continue to cast a shadow on the short-term prospects for gold. Investors should carefully consider all these factors before making any investment decisions.
OANDA:XAUUSDLong
by bryandowningqln
Could the Silver Price Hit $100 per Ounce?The silver market has long attracted investors due to its potential for significant returns. Recently, Keith Neumeyer, CEO of First Majestic Silver, has been vocal about his belief that silver could reach $100 per ounce or even higher. This article explores the factors that could drive such a dramatic increase and examines the realism of this prediction. Historical Context and Recent Performance Silver has experienced notable gains since 2020, hitting a nearly 12-year high of $32.33 per ounce in May 2024. Neumeyer's prediction of silver reaching $100 per ounce has been discussed in various interviews, including those with Palisade Radio, Wall Street Silver(, and Kitco. Factors Supporting Neumeyer’s Prediction 1. Market Cycles and Historical Trends : Neumeyer draws parallels between the current market and the early 2000s, suggesting a similar rebound in commodity prices. 2. Supply-Demand Imbalance : There is a significant deficit in the silver market due to increasing industrial demand from technologies such as electric vehicles and renewable energy sources. 3. Industrial Demand : Silver's applications in renewable energy and electronics are growing, with reports from (metalsfocus.com) highlighting a substantial expected deficit in 2024. 4. Potential Catalysts : Major investments, like those from high-profile investors such as Elon Musk, could drive silver prices up dramatically. Challenges and Consideratio ns 1. Geopolitical and Economic Stability : Factors like the US dollar's strength, Federal Reserve policies, and global tensions will impact silver prices. 2. Market Manipulation : Concerns about manipulation in the silver market could suppress potential price increases. 3. Historical Price Movements : Historical peaks just under $50 per ounce indicate that a significant shift in investor behavior is needed to reach $100. Expert Opinions and Outlook Opinions vary among industry experts. While Peter Krauth of Silver Stock Investor shares Neumeyer’s optimism, suggesting silver could eventually reach $300, others like David Morgan and Gareth Soloway see more conservative targets around $50 per ounce in the near term. Conclusion While $100 per ounce for silver is possible, it requires a mix of favorable conditions, including a substantial supply deficit and rising industrial demand. Neumeyer presents compelling arguments for a bullish outlook, but investors should consider a broad range of data and expert insights before making investment decisions.
FX_IDC:XAGUSDLong
by signalmastermind
Silver and Gold | Short-term and long-term targetsOANDA:XAGUSD OANDA:XAUUSD The past two weeks' price action suggests that we can expect the correction to continue in June for Silver and Gold. After last week's NFP and unemployment rates, the expectation for rate cuts has been pushed a bit further to the last quarter of 2024 which fueled dollar to maintain its strength. On the other hand, if you take a look at the seasonality of Gold and Silver you will notice that June is usually the month for Gold to rest a bit and for Silver to show some correction. So, In the short term, I would like to see lower prices on silver and gold and personally, I might add some more to my positions. The following are the areas for Silver and Gold which I consider as discount prices if as a long-term investor. Silver: $27.5 - $28 is a good discount area for silver. But it doesn't mean it would definitely reach this area. I expect another rally from July with a target of $33.6 to $36.4 area. Gold: $2190 - $2230 is the area that I believe gold will see in the near future. Then we might see another leg up on gold to hit the $2580 - $2650 area.
OANDA:XAUUSDShort
by SamanFx0
Silver Idea - $100/oz by the middle of 2026It's quite simple really. If we are in a precious metals bull market, signaled by the most recent breakout in gold and silver, then this is how i expect the next few years to occur in the silver market. In order for the price to breakout higher, $30/oz is required to be broken first, then $50/oz as the gold/silver ratio breaks down below the indicated 13 year long red support line. Assuming the arc indicates an approximate timeframe, based on the pattern I'm seeing in the gold/silver ratio, by the middle of 2026 silver should be circa $100/oz. This would only require $3000/oz gold and a gold/silver ratio of 30.
TVC:SILVERLong
by WinstonWolfe
Unveiling the Reasons Behind Last Month's Silver Price Surge Silver, the lustrous metal often overshadowed by its golden counterpart, experienced a remarkable price surge last month. While gold continues to hold a certain allure, it's silver that's been making headlines. Let's delve deeper into the factors that propelled silver to the forefront of the precious metals market. A Tale of Two Forces: Supply and Demand The price of any commodity is a delicate balance between supply and demand. In the case of silver, both sides of the equation have played a role in the recent price hike. On the Demand Side: A Silver Lining • Industrial Applications Take Center Stage: Silver's industrial applications have been steadily growing, particularly in the green energy sector. Solar panels are a prime example, as silver is a crucial component in their conductive layers. As the world transitions towards renewable energy sources, the demand for silver is expected to rise proportionally. • A Reliable Ally in Electronics: Beyond solar, silver is a vital element in a vast array of electronic devices. From smartphones and laptops to medical equipment, its conductive properties make it irreplaceable. The ever-increasing reliance on technology further fuels the demand for silver. • Investment Haven: Investors often turn to precious metals like silver as a hedge against inflation. When traditional currencies lose purchasing power, silver's perceived value can rise, attracting investors seeking a safe haven for their assets. Supply Under Pressure: • Mining Challenges: Silver is often mined as a byproduct of other metals, primarily lead and zinc. Fluctuations in the production of these base metals can indirectly impact silver supply. Additionally, stricter environmental regulations can make silver mining more complex and expensive. • Geopolitical Uncertainty: Global political instability can disrupt supply chains, impacting the flow of silver from major mining regions. This uncertainty adds another layer of complexity to the silver market. The Perfect Storm: When Demand Outpaces Supply The confluence of these factors – rising demand from various sectors and potential constraints on supply – has created a situation where demand is outpacing supply. This imbalance is a key driver behind the recent surge in silver prices. China's Silver Appetite: A Force to Be Reckoned With China deserves a special mention in the silver story. The world's second-largest economy is a major consumer of silver, with its demand playing a significant role in influencing global prices. China's booming industrial sector and growing investment in renewable energy further amplify its impact on the silver market. Looking Ahead: A Silver Future? The future of silver prices remains uncertain. Several factors, including global economic conditions, technological advancements, and geopolitical developments, will influence its trajectory. However, the current trends suggest that silver's industrial importance and potential as an inflation hedge will continue to drive demand. Beyond the Bling: Silver's True Value While silver's shiny exterior has always held aesthetic appeal, its true value lies in its versatility. From adorning our bodies to powering our technological advancements, silver is an essential element in the modern world. The recent price surge highlights the growing recognition of this multifaceted metal. Whether silver maintains its upward climb or experiences a correction, its role in the global market is undeniable. So, the next time you see a piece of silver jewelry, remember – it's not just about aesthetics; it's a testament to the vital role this metal plays in our world.
OANDA:XAGUSDLong
by bryandowningqln
DXY (Dollar) Intra Day/Week Play - 27/05/2024On the monthly we can see that the dollar is on aan upward trend after breaking outu of it's previous range at 88.528 which has now become a key level of support. We have seen this extention continue to levels 113.016 and then returned back to create a range between 101.421 (lows) and 107.424 (highs) Price action is suggested to continue ranging to complete distributiob before heading to the downside to test the POC levels of 99.885 and possibly even further to 94.510 to test the bullish order block which has yet to be mitigated before continuing back on the upward trend. On the Weekly we can get a clearer picture of this range and noticeably see that supply side liquidity at 106.726 has been swept which futher confirms our assumption that price will continie to the downside to the POC levels at 99.955 On the 4 hour we are able to get an even cleared picture with some assumptions being made that will test the 105.051 levels to form a bearish head and shoulders pattern and then heading down to test support level of 104.043 as part of a change of character, only to retract back to retest previous support at 104.380 and continue to he downside to reach our POI at 102.517. Taking all these price movements into consideration it is very likely that we'll see the greenback test all these levels to head back int the demand zone area of 100.500 - 102.000 over the coming week. Let me know what you guys think. Hope you have a great week ahead. Happy Trading.
TVC:DXY
by FXCapitalClub
Silver at the top of a channel?Silver has been trading traditional fib longs and and extensions in this big bull runup. However, we are very overextended, trading well in excess of big support over the past two days. We are also at a potential top in terms of it trend channel. The risk of a decline in silver is significant, and unlike gold which gives you a clue on the fifteen minutes charts, silver could simply start falling and keep going. Given the lack of bull fib support, I think this is a good spot to take profit and enter a small short position. There is a good chance that we begin the down leg of silver here.
COMEX:SI1!Short
by CeresTrader
1
SILVER TO $750 IN THE NEXT DECADE ?This has to be the biggest Cup & Handle Formation in Human History. Holy Smokes. Ok, let's dive into the Fundamentals: 1) Industrial Demand: Silver is essential in various high-growth industries such as electronics, solar energy, and medical devices. As technological advancements continue, the demand for silver is expected to increase significantly. 2) Investment Demand: Economic uncertainty, inflation, or financial crises often lead investors to seek precious metals like silver as a safe haven. 3) Supply Constraints: Silver mining production may face challenges due to factors like depleted mines, increased extraction costs, or regulatory changes. Supply shortages can occur if production cannot keep up with demand, which will ultimately lead to a short squeeze. 4) Monetary Policy and Inflation: Central banks' monetary policies, such as maintaining low interest rates or implementing quantitative easing, can weaken currencies. 5) Green Energy Initiatives: The push for renewable energy sources, particularly solar power, relies heavily on silver for photovoltaic cells. As global efforts to combat climate change intensify, the demand for silver in green technologies is likely to rise, boosting its price. (aka Agenda 2030 - The Great Reset) What scares me about this chart is that it suggests terrible events are imminent. The impact of these events cannot yet be measured, but they will be catastrophic for humanity. Stay Safe and keep stacking as fast as possible, NFA! CYANE
TVC:SILVERLong
by cy4ne
42
SILVER XAGUSD Bullish Robbery PlanMy Dear Silver Robbers / Traders, This is our master plan to Heist Bullish side of SILVER MARKET based on Thief Trading style Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target. support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
CAPITALCOM:SILVERLong
by Thief_Trader
Endeavor Silver is about to blast off!This has broken out of two downward trends and Powell is about to be dovish with the dollar and let inflation rip again for Biden to get reelected. I see a VERY ATTRACTIVE options play right now - Endeavor's May Call contract at $2.50 is .20 right now and the O/I is off the charts. $5 is .05 or $5 a call. If silver blasts off like I think then these guys could rocket past that was they hit $12 in 2011. August is the next options expiration month, and has some high volume, but not as high as May. I think buying calls here would be a good choice. If you're concerned then brake up your months from May and August. I expect miners and metals to get pummeled this summer when BOJ announces rate CUTS when they implode. I'd diversify into the dollar or USDJPY or USDCNY at that point cause China will devalue their currency after the BOJ cuts rates to negative (to stay competitive). THIS ISN'T FINANCIAL ADVICE!! I am making a purchase into these securities as well, so I'm putting my money where my mouth is.
NYSE:EXKLong
by EmptyEternity
🚨🚨🚨Oh boy - Silver is gonna 🚀A TTM Squeeze on the Daily, Weekly and Monthly = a huge move is coming. I believe Powell will talk about adjusting the acceptable inflation rate in his speech tomorrow from 2% to 4%. He will appear dovish and inflation will rocket in the dollar starting April when the gamma has rolled off the quarter. I've also been noticing that precious metals are higher priced in China's SGE Exchange and rises in the morning and gets hit down during NY time. This means China is setting the prices of silver and gold and that the FED has lost control of inflation. In June the FED will end up hiking to 8% and the markets will take a dive. Then a false flag will be used to to justify the FED lowering rates as the dollar TVC:DXY ascends to 120-160. This will explode hyperinflation after the Dollar implodes (2026-2027), just in time for the FED to roll out the CBDC's under social credit scores. Please stock up on freeze dried food, water, ammo and physical silver and gold - and stay away from the cities. There's a good possibility the election will be called off under Martial Law. I will release a stock pick I think has some peculiarities I noticed that will exponentially skyrocket if this happens. Kinda a lottery ticket. It's not financial advice so beware - and I also will be investing in this stock as well so I'll have skin in the game. If by any chance the market interprets what Powell says as Hawkishness, like NO interest rate cuts this year FOR SURE, and that they're still targeting 2% inflation rate than all bets are off and precious metals will sell off before some summer event that causes the FED to cut rates (the false flag attack). Either way, precious metals will be the canary in the coalmine to watch going forward.
OANDA:XAGUSDLong
by EmptyEternity
2