- After failing to a low of $22.80, the XAG/USD recovered to $23.40.
- US Jobless Claims from the second week of September came in lower than expected.
- Philadelphia’s Fed Manufacturing Index alsocame in lower than expected.
- Higher US yields limit the upside potential of the grey metal.
On Thursday, the XAG/USD Silver Spot price found support at $22.80 and then climbed back to $23.40 On the downside, higher US yields favour a bearish outlook for Silver in the short term, while poor Manufacturing data from the US softened the USD, allowing the metal to find demand.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased