IShares Silver Trust Options Spot-On: On October 28th, 256.53K Contracts Were Traded, With 5.78 Million Open Interest
On October 28th ET, $iShares Silver Trust(SLV.US)$ had active options trading, with a total trading volume of 256.53K options for the day, of which put options accounted for 23.07% of the total
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Gold prices rebounded significantly from the intraday low. How to trade next? FXStreet senior analyst analyzes the technical aspects of gold prices.
In early European trading on Monday, spot gold is located near $2740 per ounce, although it is still falling during the day, it is already significantly higher than the intraday low. FXStreet Senior Analyst Dhwani Mehta pointed out that from a technical perspective, as long as it stays above the 38.2% Fibonacci level, the gold price still maintains a 'buy on dips' trading strategy.
"Timing, location, and people are all favorable"! Is there no limit to the current rise in gold prices?
Since October 2022, gold has been much more "bullish" than the US stock market, and this trend may continue...
Iran has just received heavyweight news again! Market risk aversion sentiment further cools down, gold price plunges more than $20 within the day.
During Monday's Asian market session, spot gold fell again in the short term, with the current price around $2726 per ounce, dropping over $20 within the day. Previously, Israeli aircraft attacked military targets inside Iran last Saturday, avoiding oil and nuclear facilities. Iran has not responded immediately, and Bloomberg pointed out that the latest developments may reduce some safe-haven demand.
Exciting market news! Gold price plummeted more than $17 after opening sharply lower, oil price plunged more than 5%. Both Israel and Iran have major news.
24K99 News: After the start of trading in the asia market on Monday (October 28), the commodity market experienced a major rally. Gold and crude oil prices both plummeted after the opening. The relatively small scale of the Israeli attacks over the weekend has led some market participants to speculate that the tense situation may not escalate significantly.
Gold and crude oil plummeted at the opening! Israel did not attack Iran's oil facilities, and Iran did not retaliate.
Crude oil product opened with a plummet of over 5%. Limited attacks by Israel may ease concerns of direct conflict with Iran, but worries about Persian Gulf oil are not over yet.
BofA's Hartnett: The election will strengthen Wall Street's four core trades, but inflation and economic downturn will reverse everything.
Bank of America analyst Hartnett pointed out that the four core trading strategies on Wall Street now are, bearish on bonds, bullish on gold and technology stocks. Tightening immigration policies may trigger inflation, leading to further increase in gold prices. The market is worried that Fed rate cuts may lead to inflation and overheating of the economy, with bond yields unexpectedly rising after the rate cut, causing US stocks to become more concentrated. Now is not a good time to buy bonds and stocks.
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IShares Silver Trust Options Spot-On: On October 25th, 399.03K Contracts Were Traded, With 5.73 Million Open Interest
On October 25th ET, $iShares Silver Trust(SLV.US)$ had active options trading, with a total trading volume of 399.03K options for the day, of which put options accounted for 30.21% of the total
Silver ETF (SIL) Hits New 52-Week High
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Bank of America: Investors continue to increase their shareholding of gold ahead of the US presidential election!
Bank of America pointed out that the inflow of funds into gold etf reached $3.1 billion, recording the largest single-week fund inflow since July 2020.
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Decision Analysis: Fierce storm approaching! Defend after the sharp drop of the US dollar, gold is expected to rise for three consecutive weeks.
FX168 Financial News Agency (Asia-Pacific) News On Friday (October 25), the US dollar against major currency pairs is in a defensive position after hitting the largest one-month decline, as suppressed US Treasury prices attract buying interest, causing yields to fall from their near three-month top reversal.
Beware of usa key data igniting the gold market!How to trade gold prices? FXStreet analyst gold technical analysis.
#Gold Technical Analysis# 24K99 News On Friday (October 25th) during the early European session, spot gold maintained an intraday downward trend, with the current price around $2730 per ounce.
Gold price breaks below key support line! Well-known institutions warn: breaking this level may trigger more intense selling.
On Friday, the afternoon session of the Asian market, spot gold maintained a downward trend intraday, with the price currently near $2725 per ounce, down more than $10 intraday. According to Economies.com, the price of gold has lost upward momentum and breached an important support line. Once it falls below $2722.00 per ounce, this will open up further downside for the gold price.
USA economy close to a "very serious" recession! Legendary investor rogers: Prefers TA over gold.
Legendary investor rogers pointed out this week that the USA economy is getting closer and closer to a "very serious" recession, which will lead investors to flock to precious metals. However, this veteran investor, known as the "commodity king," stated that he is more likely to buy silver rather than gold as a way to "avoid" economic turmoil.