XAGUSD 2nd SEPTEMBER 2022
In the past week, silver prices fell 2.07% on a point-to-point basis. Over the past month, the price collapsed by 7.75%.
XAGUSD MONTHLY
Like gold, silver is bearish when the US dollar is strong.
This is because silver is a commodity that is priced in US dollars. When the US dollar appreciates, silver becomes more expensive for investors holding other currencies.
XAUUSD DAILY
The Dollar Index (which measures the greenback's position against six major world currencies) rose 2.61% over the past month. Over 2022, the index has 'flown' 13.22%.
DXY DAILY
XAGUSD MONTHLY
Like gold, silver is bearish when the US dollar is strong.
This is because silver is a commodity that is priced in US dollars. When the US dollar appreciates, silver becomes more expensive for investors holding other currencies.
XAUUSD DAILY
The Dollar Index (which measures the greenback's position against six major world currencies) rose 2.61% over the past month. Over 2022, the index has 'flown' 13.22%.
DXY DAILY
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