Silver Price Forecast: XAG/USD oscillates around $18.60s despite high US T-bond yields – by christianborjon Silver XAGUSD Metals Commodities Technical Analysis
for the fourth time 75 bps increased, putting a lid on the precious metals segment. At the time of writing, XAG/USD is trading at $18.66, above its opening price by 0.33%.The market sentiment remains upbeat, with most US equities remaining in the green. US Industrial Production exceeded estimates for the third consecutive month in September, increasing 0.4% MoM vs. estimates of 0.1%, while Capacity Utilization ticked up 2 points, from 80% to 80.3%.
A reflection of that is the greenback, which dropped more than 1% on Monday, as the US Dollar Index portrays. Nevertheless, at the time of typing, the DXY is recovering some ground, gaining 0.12%, at 112.19, underpinned by the 10-year bond yield, which is yielding 4.027%, up one bps. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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