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 near $25.00 on upbeat options market signals

Silver Price (XAG/USD) bounces off intraday low to pare the first daily loss in three to around $24.90 during Monday’s Asian session. In doing so, the bright metal ignores a corrective bounce in the US Dollar while grinding near the highest level in two months, mainly due to the upbeat options market signals.

It should be noted that a one-month risk reversal (RR) of the Silver price, a gauge of the spread between the call and put options, marked the biggest weekly gain in two months to 0.540 at the latest. Also showing the XAG/USD trader’s optimism is the two-day winning streak of the daily RR, to around 0.1000 by the end of Friday’s North American session.

Apart from the options market signals, the mixed sentiment and the concerns about the Federal Reserve’s (Fed) nearness to policy pivot, as flagged by the last week’s US inflation data, also seem to underpin the Silver Price run-up.

However, the market’s consolidation amid the two-week blackout period for the US central bank policymakers ahead of the late July monetary policy meeting seems to challenge the XAG/USD bulls amid a sluggish week-start.

Also read: Silver Price Analysis: XAG/USD rises despite US yields recovering

GBP/USD stays defensive around 1.3100 on mixed news, focus on UK inflation, US Retail Sales

GBP/USD remains sidelined around 1.3090 amid Monday’s early Asian session, after reversing from the highest levels in 15 months. In doing so, the Poun
Read more Previous

USD/CAD recovers some ground around the 1.3220 area, eyes on Canadian CPI

The USD/CAD pair recovers some ground and holds above the 1.3220 mark in the early Asian session after hitting the lowest level since September 2022.
Read more Next