The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Silver (XAG/USD) remains under pressure, and at the time of writing, prices have fallen to $73.63. The white metal is retreating from its recent positions, which is associated with improved market sentiment regarding risks following U.S. President Donald Trump's statement about postponing immediate military intervention against Iran.
The decrease in geopolitical tension temporarily weakens demand for safe-haven assets. Donald Trump reported that negotiations with Iran are ongoing at the initiative of the leaders of the Gulf nations, but emphasized that the United States remains ready to initiate large-scale military actions if diplomatic efforts do not yield results.
Despite this relative easing of tensions, markets are still focused on the economic consequences of the conflict in the region. Disruptions in the Strait of Hormuz continue to support oil prices and heighten concerns about global inflation.
This situation reinforces expectations that the Federal Reserve may maintain a restrictive monetary policy for longer or even raise interest rates by the end of the year. According to the CME FedWatch tool, investors are increasing the probability of additional tightening measures later this year. At the same time, U.S. Treasury yields remain near recent highs, with the yield on benchmark 10-year bonds fluctuating around 4.60%.
The rise in yields increases the opportunity cost of holding non-yielding assets, such as silver. Additionally, the U.S. dollar continues to gain support due to expectations of tighter monetary policy, which diminishes the appeal of the metal to buyers.
From a technical perspective, the Relative Strength Index (RSI) has dropped below 50, indicating weakness among bulls. Prices have found support at $73.63. If this level fails to hold, the next support will be $72.00. The 20-day SMA represents a barrier; overcoming it would allow bulls to gain strength.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
