Stock Market Report Today: Silver Prices Consolidate

A special report on silver prices, movements and trends by AlphaBetaStock.com, an investment news website.

West Palm Beach, United States - September 11, 2019 /PressCable/ —

Today’s stock market report by AlphaBetaStock.com: Yesterday, silver prices fell, renewing local lows of August 27, due to moderate growth of USD in the market, as well as an increase in demand for risky assets. However, by the end of the daily session, the instrument managed to regain its losses, and today during the Asian session, the price is growing moderately.

Investors are awaiting the outcome of the ECB meeting, which will be held next Thursday. Under the pressure of poor macroeconomic statistics, the European regulator may decide on active actions aimed at stimulating the economy. In particular, a further reduction in the deposit rate is forecasted, as well as a possible launch of a quantitative easing program. Also, the ECB meeting will be the first in a cycle. The Fed and Bank of England meetings are scheduled next week. The US regulator is also expected to soften the monetary policy.

Support and resistance

On the daily chart, Bollinger bands grow moderately. The price range narrows, reflecting a sharp change in the trading direction in the short term. MACD falls, keeping a strong sell signal (the histogram is below the signal line). Stochastic reverses upward, being near its highs, which indicates that the development of corrective growth is possible in the short and/or ultra-short term.

It is better to wait for confirmation of the formation of a “bullish” correctional trend in the nearest periods.

Resistance levels: 18.31, 18.62, 19.00, 19.25.

Support levels: 18.00, 17.75, 17.48, 17.21.

Trading tips

Long positions can be opened after the breakout of 18.31 with the target at 19.00 or 19.25. Stop loss – 18.00.

Short positions can be opened after the breakdown of 17.75 with the target at 17.00 or 16.82. Stop loss – 18.10-18.20.

Implementation period: 2-3 days.

###

AlphaBetaStock is news organization which has put together a team of experienced investment professional to find the best market news movers daily. The team has over 40 years of financial industry experience and degrees from around the world, cover the following categories/sectors: Technology, Healthcare, Services & Stocks to Watch

AlphaBetaStock focuses on identify companies that are emerging, growing or misunderstood that may present an opportunity for investors. This includes primary small and mid-cap companies. However, the research team will occasional see opportunities in blue chip or fund of fund management. Analysis includes fundamental and technical charts. Readers can count on AlphaBetaStock.com to find and report these opportunities – every single day.

Contact Info:
Name: Dave Wiggins
Email: Send Email
Organization: AlphaBetaStock
Address: 401 North Olive Avenue West Palm Beach, West Palm Beach, FL 33401, United States
Website: https://alphabetastock.com

Source: PressCable

Release ID: 88918179

More News

AP Exclusive: US helping Venezuela's Guaido track stolen art

Sep 22, 2019

CARACAS, Venezuela — U.S. officials are investigating the suspected looting of valuable European and Latin American artwork they believe is being quietly plundered by Venezuelan government insiders as Nicolas Maduro struggles to maintain his grip on power. The U.S. Treasury in recent months has sought the cooperation of the FBI, Italian police and museum experts to identify and locate the missing artwork. Among the objects being traced: three Venezuelan masterpieces that hung for decades on the walls of the ambassador's stately residence in Washington but which were nowhere to be found when opposition leader Juan Guaido's envoy took over the...

Bermuda lashed by heavy winds from Cat 3 Hurricane Humberto

Sep 22, 2019

MIAMI — Hurricane Humberto lashed Bermuda with strong winds Wednesday night as the powerful Category 3 storm passed just to the north of the British Atlantic territory, while another growing storm threatened tourist resorts along Mexico's Pacific coast. Bermuda Gov. John Rankin called up 120 members of the Royal Bermuda Regiment to prepare for possible storm recovery efforts and National Security Minister Wayne Caines cautioned everyone to stay inside. Authorities had ordered early closings of schools, clinics and government offices. The U.S. National Hurricane Center said hurricane-force winds began to hit the island of some 70,000 people by late afternoon...

UN: Reconstruction of landmark Mosul mosque to begin in 2020

Sep 22, 2019

PARIS — The United Nations' cultural agency says reconstruction of Al-Nouri Mosque in Iraq's old city of Mosul is scheduled to start at the beginning of next year. UNESCO chief Audrey Azoulay says rebuilding the landmark mosque once famous for its leaning minaret is part of ambitious plans to stimulate culture and revive ravaged Mosul. Islamic State group leader Abu Bakr al-Baghdadi declared an Islamic caliphate from the mosque in 2014. IS militants blew it up as Iraqi troops neared in 2017. Iraq's culture minister and other Iraqi officials were with Azoulay in Paris on Wednesday as she discussed the...

Oil drilling plan near Utah monument draws tribal opposition

Sep 22, 2019

SALT LAKE CITY — The U.S. government will allow oil and gas companies to make lease bids Monday on lands considered archaeologically sensitive near a national monument stretching across the Utah-Colorado border that houses sacred tribal sites. Included in the Bureau of Land Management's September oil and gas lease sale is about 47 square miles (122 square kilometers) of land north of Hovenweep National Monument, a group of prehistoric villages overlooking a canyon with connections to several indigenous tribes throughout the U.S. Southwest. The parcels for lease are about five to 20 miles (eight to 32 kilometers) north of the...

Mexicans mourn painter Francisco Toledo, defender of culture

Sep 22, 2019

MEXICO CITY — Mexicans left candles and flowers at impromptu offerings Friday for expressionist painter Francisco Toledo a day after his death at age 79, remembering an artist respected for his fights to preserve historic sites and green spaces. In a country where politicians talk endlessly about defending culture and identity, Toledo actually did it. He gained a reputation for never yielding to power, money or influence, and became perhaps the most revered figure of Mexico's present-day art world. His paintings were a celebration of the mystical world, the animal spirits and color of the indigenous cultures in his native...

To travel is to live. Unearth your next travel destination here with The Travel Trooper. We love what we do and looking forward to more #travelsquad joining us in this journey.

Contact us: sales@thetraveltrooper.com