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Silver is traded on exchanges as XAG. As this instrument, the precious metal is traded against one of the most liquid currencies, the euro. The price moves upwards when silver becomes cheaper, while the euro more expensive. It’s rather natural, since currency and precious metals have a negative correlation. The basics of technical analysis are required to make profit from this instrument.
Build your strategy around the intraday trading principle. Some investors prefer analyzing the price movement using the D1 chart. Standard indicators present in MetaTrader and other popular terminals are sufficient for the technical analysis: Parabolic, Bollinger Bands, RSI, MACD. Candlestick patters are also useful here, as they allow to determine the reversal points with negligible error.
Register and open an account.
Deposit using any convenient method. Verify your phone number before you start trading to secure your account.
Install a trading terminal or trade directly in your browser.
News of the day, Friday, July 1
European stock futures are lower today as investors …
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Gold continues its bearish movement, as it managed to break the support level at 1800.00, …
The pound against the dollar continues to move below the resistance level of 1.2200, where …
The EURUSD pair rebounded to the upside in an attempt to correct the bearish path …
The dollar against the Japanese yen pair continues its bearish movement after forming a double …
News of the day, Thursday, June 30
Oil prices decreased today amid global supply worries. …
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