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Silver Price Forecast: XAG/USD remains subdued near $76.00 due to US-Iran uncertainty
Silver price (XAG/USD) declines after two days of gains, trading around $76.10 per troy ounce during the Asian hours on Friday. The non-yielding white metal struggles amid rising odds of hawkish sentiment surrounding the Federal Reserve (Fed) policy stance.
Fxstreet
Fri, May 22
Silver Price Analysis: Consolidates near $76.50 as RSI hints at upside
Silver price consolidates around $76.50 per troy ounce amid a narrow trading session driven by Middle East developments, keeping investors uncertain about a US-Iran deal. At the time of writing, the white metal is up over 1%.Fxstreet
Thu, May 21
Gold price recovers as US-Iran draft deal undermines Oil and USD
Gold (XAU/USD) price recovers during the mid-North American session on Thursday after Al Arabiya reported that a final draft of a US-Iran agreement has been reached by the Pakistani mediator and is scheduled to be announced within a few hours.Fxstreet
Thu, May 21
Silver Price Forecast: Bears retain near-term control as RSI slips below 50
Silver (XAG/USD) trades in a narrow range on Thursday as traders continue to monitor developments surrounding the US-Iran conflict. At the time of writing, XAG/USD is trading around $75.20, hovering near two-week lows.Fxstreet
Thu, May 21
Gold slips as Iran uranium demands complicate US-Iran negotiations
Gold (XAU/USD) trades with a downside bias on Thursday, struggling to build on the previous day’s rebound from seven-week lows as markets digest fresh headlines surrounding the US-Iran war. At the time of writing, XAU/USD trades around $4,507, down nearly 0.80% on the day.Fxstreet
Thu, May 21
IEA Chief Birol: Oil markets could enter red zone in July-August
International Energy Agency (IEA) Chief Fatih Birol said during the European trading session on Thursday that oil markets could enter "red zone" in July-August as stockpiles deplete and summer demand firms. Birol added, “My hope is that the Strait of Hormuz will open fully and unconditionally.”Fxstreet
Thu, May 21
Oil: Prices slide on Iran deal hopes – MUFG
MUFG notes that the dominant macro driver for Asian markets is the US–Iran conflict and its impact on Strait of Hormuz energy flows, which had pushed global long-bond yields to post-2008 highs and pressured oil-importing Asian currencies.Fxstreet
Thu, May 21
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