Silver awaits major breakout situation! Renowned institutions: if confirming the breakthrough of this support, silver prices are expected to fall by more than 2%

In early European trading on Tuesday, spot silver continued to be under pressure, with silver price currently around $29.50 per ounce. According to Economies.com, if silver price confirms breaking through the resistance of $29.30 per ounce, this will open up further space for silver price to drop.

FX168Jun 25 15:14

Debt concerns or support for a bull market in gold, Bank of America predicts that it could reach $3000 within 18 months.

As long as the market is in an environment more prone to inflation, the "preventive" demand for gold seems to continue.

Golden10 DataJun 25 10:07

Silver prices have confirmed breaking through the key level! Institutions specializing in silver trade analysis warn that there may be over 3% more room for a significant drop.

At the end of the Asian market on Monday, spot silver basically stabilized after plummeting nearly 4% on the previous trading day, and the silver price is now around $29.60 per ounce. According to Economies.com, the silver price has confirmed breaking through the key level of $30.06 per ounce, paving the way for further decline in silver prices.

FX168Jun 24 13:57

Delivery concerns reoccur! The near-month copper price differential is once again on the rise.

Summary: The COMEX copper price curve has shifted downwards from before, and the curve has further converged in the near term, but the monthly difference in the near term has risen again. Currently, there are only two weeks left before the delivery of the July contract, but there is still no sign of delivery, and the holding position of the July contract is still relatively high. In addition, the continuous depletion of COMEX copper inventory is currently less than 10,000 tons, so the near-term price difference has widened again, reflecting the market's concern about the upcoming delivery. The next two weeks will be critical. Key insights: 1. Last week, precious metals and copper prices fluctuated.

CME GroupJun 24 10:26

The most profitable year in commodity history! Analysts believe that silver will rise strongly and copper will have a strong start. The pullback should be viewed as a buying opportunity.

Analysts say that 2024 will go down in history as one of the most profitable years ever for csi commodity equity index traders, and this could just be the beginning.

FX168Jun 24 07:52

"Silver goes crazy"! Silver price skyrocketed by more than 3%, significant breakthrough in technical analysis. What's next?

On Thursday, spot silver rose sharply by more than 3%, closing near $30.70 per ounce. FXStreet analyst Christian Borjon Valencia pointed out that despite the rise in US Treasury yields and the strengthening of the US dollar, silver prices rose more than 3% on Thursday. The technical outlook shows a bullish tendency, with momentum favoring buyers.

FX168Jun 21 08:25