Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

Silver Price News: XAG/USD pares intraday losses above $21.00 as options market portrays indecision

Silver price (XAG/USD) bounces off the daily lows surrounding $21.00 to $21.25 as European traders brace for the key week on Monday. In doing so, the bright metal justifies the mixed signals from the options market, as well as the risk-off mood.

That said, the one-month daily risk reversal (RR), a gauge of call options to put options, dropped in the last fortnight to the latest weekly print of -0.040. It’s worth noting, however, that the receding bearish bias appeared to have challenged the XAG/USD buyers.

Even so, the broad risk-aversion wave, due to the Covid fears, seems to keep the pair buyers hopeful. That said, the record-high daily virus infections from China and the protests to ease the Zero-Covid policy seemed to challenge the market sentiment of late.

On the contrary, alleged defense from Chinese authorities to safeguard equities appeared to trigger the XAG/USD’s latest rebound.

Above all, silver remains on the bear’s radar as the options market flashes downbeat signals, even if being softer of late.

Also read: EUR/USD Analysis: Bulls turn cautious near 200-DMA amid China’s COVID-19 jitters

Gold Price Forecast: XAU/USD's technical picture points to a loss of bullish momentum

Gold was largely unchanged last week. XAU/USD‘s technical outlook points to a slightly bullish bias in the short term, FXStreet’s Eren Sengezer report
Read more Previous

Norway Retail Sales came in at -0.3%, above forecasts (-1.1%) in October

Norway Retail Sales came in at -0.3%, above forecasts (-1.1%) in October
Read more Next