Lately
the volatility of forex market is fading away and is drifting further everyday.
Trading is getting more difficult and unprofitable, as the ratio risk profit is worsening.
Trading is getting more difficult and unprofitable, as the ratio risk profit is worsening.
During
2016 we’ll witness a twist of risk appetite and all market participants will turn
to safe-heaven assets, such as precious metals. Every cloud has a silver lining.
The reducing carbon emissions through renewable energy should lead to increased demand for silver in related industries (eg use in solar cells).
The reducing carbon emissions through renewable energy should lead to increased demand for silver in related industries (eg use in solar cells).
Yesterday
silver benefited from the weaker US dollar and the uplifted gold and this pushed
XAG/USD to 17.60, where was marked the intraday high. Afterwards a slight pull
back was seen, but after all it’s just a matter of time before go higher,
targeting 18.00 level. This area is a little bit frustrated, as recently
resistance has checked in there. Once bulls conquer this level, it should be
translated into markets as buy-and-hold pattern.
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