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Silver Price Forecast: XAG/USD plummets below $76 as oil price posts fresh weekly high
Silver price (XAG/USD) is down almost 2.3% to near $76.00 during the European trading session on Thursday. The white metal faces selling pressure as oil prices extends its winning streak for the third trading day on Thursday.
Fxstreet
Thu, Apr 23
WTI rises to near $93.00 as supply concerns rise on Hormuz blockade
West Texas Intermediate (WTI) oil price gains ground for the third consecutive day, trading around $93.00 per barrel during Asian hours on Thursday. Crude oil prices advance amid rising supply concerns on ongoing Middle East uncertainty and the blockade of the Strait of Hormuz.
Iran fires on 3 ships in the Strait of Hormuz as US maintains blockade
Iran fired on three ships in the Strait of Hormuz and escorted two of them to Iranian waters, the Wall Street Journal reported on Wednesday. The attacks came a day after US President Donald Trump extended a ceasefire while maintaining an American blockade of Iranian ports.Gold Drifts Lower Below $4,750 Amid Trump’s Extension of a Ceasefire with Iran
Gold price (XAU/USD) trades in negative territory near $4,730 during the early Asian session on Thursday. The precious metal declines as traders remain cautious over US-Iran peace talks to end the nearly two-month war that has intensified global inflation concerns.Fxstreet
Thu, Apr 23
US President Donald Trump says there is no time frame on Iran war
The White House said that US President Donald Trump has not set a deadline on Iran submitting a peace proposal, the Guardian reported on Wednesday. On Tuesday, Trump extended the ceasefire and vowed to continue the US blockade on Iranian ports.Gold steadies near $4,700 as lower US yields offset Iran risks
Gold (XAU/USD) price holds steady on Wednesday, staging a slight recovery following Tuesday’s over 2% drop, as the resolution of the conflict in the Middle East remains uncertain, while falling US Treasury yields boosted the precious metal’s appeal.Fxstreet
Wed, Apr 22
WTI rallies back into $92 as extended ceasefire fails to calm supply fears
West Texas Intermediary (WTI) Crude Oil advanced more than 3% on Wednesday, trading back above $92 after testing $93 earlier in the session. The move extends a sharp two-day recovery from Monday's low around $85, reclaiming territory last seen in early April.Silver Price Forecast: XAG/USD rebounds as geopolitical tensions keep markets cautious
Silver (XAG/USD) advances on Wednesday and trades around $77.70 at the time of writing, up 1.33% on the day. Silver is recovering after recent weakness as investors remain cautious amid persistent geopolitical tensions in the Middle East.Fxstreet
Wed, Apr 22
Gold rises as Trump extends Iran ceasefire amid stalled peace talks
Gold (XAU/USD) rebounds on Wednesday, trimming a portion of the losses recorded on the previous day. The move follows the announcement by US President Donald Trump extending the ceasefire with Iran just hours before it was due to expire.Featured Tools
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