Reply to thread

Message

[QUOTE="Resolve, post: 237121, member: 29339"]
[B][SIZE=5]XAG/USD Analysis: Silver Price Fails to Hold at 11-Year High[/SIZE][/B]
[IMG]https://i.imgur.com/lozLSLZ.jpeg[/IMG]

As shown on the XAG/USD chart, during the trading session on 26th September, the price of silver surpassed the previous 2024 high (set in July), reaching levels last seen in December 2012.

Key drivers of silver’s price include news related to the Federal Reserve’s policy:

→ Last month, when the Federal Reserve cut interest rates, it led to a rise in both gold and silver prices.

→ However, precious metal prices dipped slightly yesterday after Fed Chair Jerome Powell adjusted expectations regarding further rate cuts this year, stating that the Fed would not rush into making more reductions.

[IMG]https://i.imgur.com/NA4ndZS.png[/IMG]

[B][URL='https://fxopen.com/blog/en/oa-xag-usd-analysis-silver-price-fails-to-hold-at-11-year-high/?utm_source=earnforexforum&utm_medium=analysis&utm_campaign=resolve']TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG[/URL][/B]

[I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. [/I]
[/QUOTE]

Verification