News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • Fed's Bullard (2022 voter) - Need to be ready for upside risks to inflation - Labour market is tight according to anecdotal evidence - Committee now only starting to talk about tapering, adds that it will take some time to get that up and running
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 85.96%, while traders in France 40 are at opposite extremes with 69.92%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:💶 ECB President Lagarde Speech due at 14:15 GMT (15min)
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Gold: 0.65% Oil - US Crude: 0.43% Silver: 0.33% View the performance of all markets via
  • US Dollar Index (DXY) squeeze took market by surprise. A small digestion period would do some good for further gains. Get your $USD market update from @PaulRobinsonFX here:
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.83% Wall Street: 0.75% US 500: 0.46% France 40: 0.37% FTSE 100: 0.17% View the performance of all markets via
  • Market drivers for the week after the Fed: MOAR FED
  • FOMC Speakers this week
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • 🇺🇸 Chicago Fed National Activity Index (MAY) Actual: 0.29 Previous: -0.09
Silver Prices, Palladium at Bullish or Bearish Turning Points?

Silver Prices, Palladium at Bullish or Bearish Turning Points?

Dimitri Zabelin, Analyst

Silver Prices, Palladium– TALKING POINTS

  • Silver prices jump over 7 percent: will they clear the 18.117-18.218 resistance range?
  • Palladium recovery may be short lived as XPD/USD approaches all-time high
  • Capitulation from both silver and palladium could catalyze aggressive selloff

Silver Outlook

As outlined in my previous forecast, after silver prices broke above the upper bound of the 16.754-17.208 range, the precious metal jumped over four percent. However, XAG/USD is now encountering friction between the 18.117-18.218 resistance range, a zone not touched since late October/early November.

Silver Prices – Daily Chart

Chart showing Silver Prices

Silver prices chart created using TradingView

Looking ahead, if silver prices fail to clear the multi-tiered ceiling, discouraged bulls may unload their positions, leading to a selloff until support at 17.208. Conversely, a break above resistance with follow-through may be met with further upside gains until 18.615. However, it should be noted that 18.328 (gold line) may pose a short-term threat to XAG/USD’s upside gains.

Silver Prices – Daily Chart

Chart showing silver prices

Silver prices chart created using TradingView

Palladium Price Forecast

Palladium prices have recovered a little over 7.50 percent after the precious metal experienced its single biggest one-day drop since August 1 after reaching $2,000/oz for the first time. XPD/USD continues to climb towards the 1980.86-1198.00 resistance range which may be a critical moment for palladium.

Palladium – Daily Chart

Chart showing palladium prices

Palladium prices chart created using TradingView

If XPD/USD clears resistance with follow-through, it may catalyze a bullish spike if traders believe the precious metal’s trajectory remains favorable. From there, it is in uncharted territory which makes it difficult to position exactly where upside gains may encounter friction. Conversely, failing to break above the 1980.86-1998.00 zone may result in a selloff with another possible retest if support at 1823.10.


--- Written by Dimitri Zabelin, Jr Currency Analyst for

To contact Dimitri, use the comments section below or @ZabelinDimitrion Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.