Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area


Silver: trading sideways

Silver: trading sideways

Information is not investment advice

The Forex history counts six silver bull market periods, and the seventh one is possibly right now. Even though gold has a higher price and generally grabs more attention, silver has actually outperformed gold in five of the six previous bull markets for gold and silver. The chart below demonstrates the silver performance during its resurgences.


*Only once gold managed to outperform silver.

Silver is not just a precious metal, it is also an important raw material for industrial purposes. It is widely used in healthcare, electronics, and renewable energy. As you can notice, the tech sector has been prospering these days as never before. Just look at Nasdaq, the stock index, which includes the strongest tech companies. No wonder that it sets record highs almost every day. Therefore, the industrial and technological application of silver couldn’t have been more important for the current time.

In comparison with its safe-haven brother, gold, silver is cheaper and tends to react less to political upheavals and economic hardships. However, it still does react. Besides, gold and silver price movements are positively correlated. The recent optimism over a thaw in US-China relationships weighs on both precious metals. Today, although the USD’s weakness generally pushes silver prices up, it gets offset by the increase in US government bond yields.

Technical tips

Silver has bounced off the 61.8% Fibonacci level at $27.40 but then has turned to the upside again. If it crosses this level again, it will drive the price further to the next resistance at the high of August 18 at $28.45. However, be cautious as this resistance is quite strong, and, therefore, the price is likely to pull back rather than break out. In the opposite scenario, if silver breaks out the 50.0% Fibonacci level at $26.60, it may dip down to the next support at the 38.2% Fibonacci level of $25.85. Bulls may find both support levels a good entry point.




How to Stay Calm and Trade on Uncertainties

Despite the negative news and worrying headlines, we recommend traders to make mental reframing of the situation. This way, you can look at the market from a different perspective. Let’s observe how you can take advantage of the uncertainties and make the fundamentals work for you!

US Interest Rate Slowdown?

The US Federal Reserve may refrain from more aggressive interest rate hikes in March due to geopolitical risks after Russia's special operation in Ukraine…

Bewitching predictions for 2022

Hello from the far 2022! FBS analysts have used some magic to travel to the future and brought you some hilarious predictions.


British pound breakout soon?

Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).

Walmart earnings outlook

Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?

Choose your payment system

Be on top of your game


Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later