{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/silver-more-gains-favored\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/silver-more-gains-favored\/","headline":"Silver More Gains Still In Cards!","name":"Silver More Gains Still In Cards!","description":"Silver rallied in the short term as the US Dollar has depreciated versus its rivals even if the United States Non-FarmPayrolls and the Unemployment Rate come in better than expected on Friday. In the short term, the DXY is under strong selling pressure, further drop could help the XAG\/USD buyers to push the rate higher. […]","datePublished":"2021-11-08","dateModified":"2021-11-08","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/11\/XAGUSD_2021-11-08_15-17-04.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/11\/XAGUSD_2021-11-08_15-17-04.png","height":868,"width":1834},"url":"https:\/\/forexschoolonline.com\/silver-more-gains-favored\/","about":["Silver"],"wordCount":214,"keywords":["silver","XAGUSD"],"articleBody":"Silver rallied in the short term as the US Dollar has depreciated versus its rivals even if the United States Non-FarmPayrolls and the Unemployment Rate come in better than expected on Friday. In the short term, the DXY is under strong selling pressure, further drop could help the XAG\/USD buyers to push the rate higher.XAG\/USD is traded at 24.253 level at the time of writing and it tries to resume its growth after retreating a little. Later today, Powel\u2019s speech could bring some volatility and sharp movements into the markets. The price of Silver could react as well.XAG\/USD Technical Analysis!Silver escaped from a down channel signaling potential growth. It has retested the broken line, registering also a false breakdown with great separation. Jumping and closing above 24.043 former high, after printing a new high, XAG\/USD was somehow expected to resume its growth.The price could resume its growth as long as it stays above the uptrend line and above 24.043 static support. A new higher high, jumping and closing above 24.316 today\u2019s high may activate further growth. Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}