Silver Price Continue to Look for Support

Silver Price

Silver price have fallen a bit during the trading session on Wednesday as traders are still waiting to see what the FOMC is going to say, and perhaps more importantly what the attitude of the statement will be as traders have to worry about whether or not the Federal Reserve is going to tighten even further, or if they are going to mention all of the problems around the world and how it could slow the tapering process.

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Silver Price Continue to Look for Support via @marketinvestor

Silver Price Marches Firmly At $24.26

Silver Price

Silver price rally extends to four consecutive trading sessions notwithstanding rising tensions in the Russia/Ukraine conflict. At press time, silver price is trading at $24.20. In the meantime, the US 10-year Treasury Note yield rises almost two basis points sits at 1.948%, failing to weigh on the white metal, benefited by heightened tensions in Ukraine.

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Silver Price Marches Firmly At $24.26 via @marketinvestor

Silver Price have Upper Hand Above 100-Day SMA

Silver Price

Silver price traded with a mild positive bias through the first half of the European session and was last seen hovering near a two-week high, around the $23.35 region. The uptick, however, lacked bullish conviction as traders now seemed to wait for the release of the US CPI report, due later during the early North American session.

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Silver Price have Upper Hand Above 100-Day SMA via @marketinvestor

Silver Price Hovers Around $23.80

Silver Price

Silver price slides for the third consecutive trading session, trading at $23.81 during the New York session at the time of writing. The market mood has remained unchanged since the beginning of the week.

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Silver Price Hovers Around $23.80 via @marketinvestor

Silver Markets Give Up Early Gains Today

Silver Price

Silver have initially tried to rally during the session today but gave back gains to form a bit of a shooting star. At this point, it looks like we are starting to run out of steam, so I would anticipate a move back down towards the $22.50 or so.

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Silver Markets Give Up Early Gains Today via @marketinvestor