- The money price bounces at nearly $ 32.50 despite the pure force of the US dollar.
- The USD wins after the publication of PMI Manufacturing US ISM data for April.
- The White House expressed his confidence that he will conclude trade agreements with certain business partners in the coming weeks.
Silver Price (XAG / USD) recovers most of its first losses and returns to nearly $ 32.50 during North American negotiation hours on Thursday. The white metal gained ground after publishing a fresh hollow of more than two weeks around $ 31.66, earlier in the day, even if the USD dollar (USD) has extended its two -day recovery.
US dollar price today
The table below shows the percentage of variation in the US dollar (USD) compared to the main currencies listed today. The US dollar was the strongest against the Japanese yen.
| USD | Eur | GBP | Jpy | Goujat | Aud | Nzd | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.37% | 0.25% | 1.54% | 0.23% | 0.21% | 0.35% | 0.72% | |
| Eur | -0.37% | -0.12% | 1.13% | -0.17% | -0.14% | -0.02% | 0.33% | |
| GBP | -0.25% | 0.12% | 1.26% | -0.02% | -0.03% | 0.10% | 0.46% | |
| Jpy | -1.54% | -1.13% | -1.26% | -1.30% | -1.29% | -1.22% | -0.87% | |
| Goujat | -0.23% | 0.17% | 0.02% | 1.30% | 0.00% | 0.12% | 0.48% | |
| Aud | -0.21% | 0.14% | 0.03% | 1.29% | -0.00% | 0.12% | 0.50% | |
| Nzd | -0.35% | 0.02% | -0.10% | 1.22% | -0.12% | -0.12% | 0.36% | |
| CHF | -0.72% | -0.33% | -0.46% | 0.87% | -0.48% | -0.50% | -0.36% |
The thermal map shows the percentage of variations in the main currencies against each other. The basic currency is chosen in the left column, while the quotes motto is chosen in the upper row. For example, if you choose the US dollar in the left column and move along the horizontal line to the Japanese yen, the percentage of variation displayed in the box will represent USD (base) / JPY (quote).
Technically, a higher US dollar makes the price of money an expensive bet for investors.
The US dollar index (Dxy), which follows the value of the greenback against six main currencies, jumps above 100.00. The USD is strengthened even if the United States (United States) PMI manufacturing Data for April showed that activities have decreased at a faster rate. The manufacturing PMI is down to 48.7 compared to 49.0 in March but greater than the estimates of 48.0.
Meanwhile, the manufacturing prices of the paid ISM, that the gauges change the cost of inputs, developed at a faster rate at 69.8 against 69.4, but lacked estimates of 70.3. The acceleration of input costs should fuel consumer inflation. Such a scenario will limit the Federal Reserve (Fed) to reduce interest rates, which augurs badly for uninformed assets, such as money.
Earlier in the day, the price of money fell sharply while investors expected that the fears of additional prices announced by US President Donald Trump have culminated because Washington is about to announce a bilateral trade with the number of its business partners soon.
“Initial commercial transactions must be announced in weeks, not for months,” US trade representative Jamieson Greer told Fox NewsReported Reuters.
However, the commercial uncertainty between the United States and China will maintain the disadvantage in the Silver Limited price.
Silver technical analysis
The price of money is struggling to review a summit of more than three weeks around $ 33.70. The short -term perspectives of white metal have become uncertain because it falls below the 20 -day exponential mobile average (EMA), which is negotiated about $ 32.65.
The relative force index of 14 days (RSI) falls below 50.00 after failing to exceed 60.00, indicating that investors are no longer optimistic.
By looking up, the March 28 summit of $ 34.60 will serve as key resistance for metal. Learning, the lowest of April 11 of $ 30.90 will be the key support area.
Daily silver graphics
Silver FAQ
Silver is a very exchanged precious metal between investors. It was historically used as a reserve of value and means of exchange. Although less popular than gold, traders can turn to money to diversify their investment portfolio, for its intrinsic value or as potential coverage during periods with high inflation. Investors can buy physical money, in coins or in bars, or exchange it via vehicles such as exchanged funds, which follow its price on international markets.
The prices of money can evolve due to a wide range of factors. Geopolitical instability or fears of a deep recession can increase the price of money because of its safety status, although to a lesser extent that gold. As an intake without yield, money tends to increase with lower interest rates. Its movements also depend on how the US dollar (USD) behaves as the asset is assessed in dollars (XAG / USD). A strong dollar tends to maintain the price of money remotely, while a lower dollar is likely to develop prices. Other factors such as investment demand, mining supply – money is much more abundant than gold – and recycling rates can also affect prices.
Silver is widely used in industry, especially in sectors such as electronics or solar energy, because it has one of the highest electrical conductivity of all metals – more than copper and gold. An increase in demand can increase prices, while a decrease tends to lower them. Dynamics in the United States, Chinese and Indian economies can also contribute to price oscillations: for the United States and in particular China, its major industrial sectors use money in various processes; In India, consumer demand for precious metal for jewelry also plays a key role in pricing.
Money prices tend to follow Gold movements. When gold prices increase, silver generally follows suit, because their original package status is similar. The gold / silver ratio, which shows the number of silver ounces necessary to match the value of an ounce of gold, can help determine the relative evaluation between the two metals. Some investors may consider a high ratio as an indicator that money is undervalued, or gold is overvalued. On the contrary, a low ratio could suggest that gold is undervalued in relation to money.
