SILVER PRICES TECHNICAL ANALYSIS BY CAPITAL STREET FX – 06 DEC 2022
06 Dec 2022
Silver Prices Rose by 124 points on Tuesday.
Silver rose by 1.57% at 22.745 on Tuesday while, Fortune Silver Earnings missed a report on Thursday earning that missed analytics
On Tuesday Vizsla Silver announced EPS is $-0.01 on revenue of $0.00, moreover anticipates EPS was $-0.02 on revenue of $0.00, The Silver futures rose by 3.95% to 18.782, the platinum contract was down by 0.32% to 899.10 on Monday 17 October.
Gold prices mark above $1600 on Monday, remaining after stronger-than-expected US inflation data pointed to more dollar strength in the next week, Copper Futures Contract prices were down on Monday after a drop of over 2% in the prior session
The world’s largest copper mine Chile’s Escondida supply is tighter because of the strike, prices of copper trended higher over the past few trading sessions, slowing economic growth across the globe, and interest rate keep rising is expected to increase demand and tightness in supply
On Tuesday Vizsla Silver announced EPS is $-0.01 on revenue of $0.00, moreover anticipates EPS was $-0.02 on revenue of $0.00
LONG-TERM TECHNICAL ANALYSIS
This daily chart indicates that Silver is trading in an up channel, currently, it is trading above all SMA. RSI is in the buying zone which indicates bullishness, and MACD is above zero which indicates bullishness.