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
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Narrator: Not today. Nice rebound staged off that critical support level with oil and yields firming up a bit on the session. Will bulls push onward to print a higher high? $SPY #Trading #Markets
  • NY Fed accepts $909.44 billion in reverse repo operations $USD $DXY
  • RT @IG_US: Watch @GuyAdami & @RiskReversal discuss - Earnings Recap - Rates In Reverse - Economic Slowdown? - Plus strategist @CVecchioFX…
  • Bitcoin and Ethereum are both recovering from the early-summer slumps that enveloped the crypto market. Get your market update from $btc market update from @JStanleyFX here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.90%, while traders in France 40 are at opposite extremes with 82.15%. See the summary chart below and full details and charts on DailyFX:
  • $USD still sticking to the range. I'd be surprised if this holds until #NFP on Friday. But at the least there's some definition to work off of $DXY
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 0.43% Gold: -0.18% Oil - US Crude: -0.90% View the performance of all markets via
  • SEC Chair Gensler: - SEC will take powers "as far as they go" when regulating crypto - I am looking forward to reviewing filings for Bitcoin ETFs
  • SEC Chair Gensler: - We don't have enough investor protection in crypto - Crypto trading platforms require compliance with securities law
  • $ES slingshot right back to 4400, now testing underside of tl $SPX $SPY
Silver Prices Halt Their Decline On A Soft USD

Silver Prices Halt Their Decline On A Soft USD

Alejandro Zambrano, Market Analyst

Talking Points

  • Silver ends its short-term bearish trend by taking out the March 28 high of $15.39.
  • The boost to silver prices occurred on a softer USD following a speech by the Fed’s Janet Yellen.
  • The ADP Employment report is expected to show that 195K new jobs were added to the U.S. economy.

Silver prices are higher by 30 cents from yesterday’s low of $15.08. The surge in silver prices occurred on the back of dovish comments by the Fed’s Janet Yellen. Following these remarks, which suggest that the Fed may be cautious about future rate hikes, silver prices took out the March 28 high of $15.39.

The breach to the March 28 high of $15.39 ended the very short-term downtrend as the $15.39 high was the latest swing high before the boost to silver.

Silver prices are now trading without a strong trend in the short-term. The longer-term trend is also flat as silver prices have been oscillating around $15.38 since February 8.

We note the following resistance levels: $16.02, $15.72, and $15.46 with support being found at the following levels: $15.08, $14.87, and $14.75.

With the price of silver heavily influenced by the demand and supply of the U.S. Dollar, today’s ADP report may yet exert more volatility on the silver position.

The U.S. ADP Employment report is expected to show that 195K new jobs were created in March from 214K in February, according to a Blomberg news poll.

What are our top trading opportunities in 2016? Download our report for free.

Silver Price | FXCM: XAG/USD

Please add a description for the image.

Created with Marketscope/Trading Station II; prepared by Alejandro Zambrano

--- Written by Alejandro Zambrano, Market Analyst for

Contact and follow Alejandro on Twitter: @AlexFX00

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