Precious metals rise in price amid inflation
Technical Analysis Summary STŘÍBRO PROTI EURU: Buy
| Indicator | VALUE | Signal |
| RSI | Neutrální | |
| MACD | Buy | |
| MA(200) | Neutrální | |
| Fractals | Buy | |
| Parabolic SAR | Buy | |
| Bollinger Bands | Neutrální |
Chart Analysis
On the daily timeframe, XAGEUR: D1 went up from the descending channel. A number of technical analysis indicators have generated signals for further growth. We do not rule out a bullish movement if XAGEUR rises above the last high: 20.2. This level can be used as an entry point. The initial risk limitation is possible below the Parabolic signal, the lower Bollinger band and the last two lower fractals: 18.3. After opening a pending order, move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (18.3) without activating the order (20.2), it is recommended to delete the order: there are internal changes in the market that were not taken into account.
Fundamentální analýza -
Rising inflation in the US is helping to boost demand for precious metals. Will the XAGEUR quotes continue to rise?
In September this year, US inflation accelerated again to 5.4% in annual terms, which is a 13-year high. The same indicator was observed in June and July, and in August inflation fell to 5.3%. As we can see, the slowdown in the growth of the consumer price index has not yet become a trend. The Producer Price Index also rose to a 13-year high in September at 8.6% in annual terms. Despite this, the yield of the U.S. 10-Year Bond in 3 days decreased to 1.52% per annum from 1.63%. All this weakened the American currency and raised the quotes of precious metals. An additional factor in increasing demand for silver may be its use in industry and in alternative energy. In particular, silver is used in the manufacture of batteries, solar panels and electric vehicles.