XAG/USD Rises to Near $65.40 with US Inflation in Focus

XAG/USD rises to near $65.40 with US inflation in focus

Silver price (XAG/USD) trades 1.1% higher at around $65.40 during the Asian trading session on Wednesday. The white metal reflects strength ahead of the United States (US) Consumer Price Index (CPI) data for July, which will be published at 12:30 GMT. According to estimates, the US headline CPI grew at an annual pace of 3.4%, slower than 3.5% in June. In the same period, the core CPI – which excludes volatile food and energy items – is also seen…

Silver Breaks $63.80, Bulls Target $71.85 Resistance

Silver can be expected to rise further to the next resistance level 71.85 (former top of wave 2 from the start of June and the target for the completion of the active impulse wave C). Silver broke key resistance level 63.80 Likely to rise to resistance level 71.85 Silver recently broke above the key resistance level 63.80 (which has been reversing the price from the start of February, as can be seen from the daily Silver below). The breakout of…

Silver Price Target Is Hundreds Of Dollars Per Ounce

Look at who just predicted the price of silver trade at hundreds of dollars per ounce.

Silver Price Forecast: XAG/USD starts US CPI week on flat note ...

Why Silver May Be the Better US CPI Trade Than Gold - ActionForex

A weak jobs report already made the case for a Fed hold, but only Wednesday's CPI can confirm inflation is cooling too — and if it comes in soft without reviving growth fears, Silver's dual identity as both a monetary and industrial metal could let it outrun Gold. The post Why Silver May Be the Better US CPI Trade Than Gold appeared first on ActionForex.