Robust U.S. data, highlighted by Chicago PMI and Core PCE, strengthens the dollar, pressuring gold and silver prices.
Watch gold at $2,527 and silver at $29.75 for potential breakouts that could define the next bullish trends.
Gold prices falter under a strong dollar, while silver's fate hinges on upcoming Fed decisions.
Samsung's silver solid-state Silver Battery Breakthrough Promises Faster Charging, Longer Range, and Lower Costs
Gold and silver are gaining momentum, with gold near $2,515.83 and silver at $30.02, both approaching critical resistance levels that could trigger further gains.
Silver is surging as India’s insatiable demand rockets prices toward the critical $30 threshold, setting the stage for a potential breakout.
Analysis of the silver market highlights why the $27.59 per ounce level is critical for understanding its future direction in 2024.
A 3% jump pushes silver near $30, driven by Fed rate cut buzz and rising demand from Samsung’s new battery tech. Is more upside ahead?
Silver dips below $29 due to a weakening US dollar and rising Fed rate cut speculation, signaling continued short term bearish trends.
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