Silver (XAG/USD) pared some of its previous gains on Thursday, as geopolitical headlines from the Middle East continue to unsettle financial markets. At the time of writing,
Iran has imposed new rules for ships passing through the Strait of Hormuz, which handles 20% of global oil flows, in an effort to tighten control over shipping activities through the waterway, according to CNN.
Oil prices remain high due to persistent tensions around the Strait of Hormuz, adding to inflation concerns and supporting tight central bank expectations, resulting in limited upside moves for silver.
However, renewed hopes that the US and Iran could reach an agreement to end the war in the Middle East support the metal in the near-term, while technical indicators also remain constructive.
technical analysis:
In the daily chart, The Relative Strength Index (14) at 57 is in the positive zone without overbought, suggesting buyers maintain control, while the Average Directional Index (14) near 12.76 signals that the current uptrend lacks strong directional conviction for now.
On the upside, immediate resistance lies at the upper Bollinger Band at $81.43; A daily close above this barrier would open the door for a more impulsive bull leg extension. On the downside, initial support is provided by the 20-day SMA Bollinger Middle Band at $76.32, with a deeper pullback likely to provide additional protection near the lower Bollinger Band around $71.21 as long as the broad bullish structure remains intact.
(The technical analysis for this story was written with the help of AI tools.)
US dollar price today
The table below shows the percentage change in the US Dollar (USD) against the major currencies listed today. The US dollar was the strongest against the Japanese yen.
| USD | EUR | gbp | JPY | scurvy | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.01% | 0.09% | 0.25% | 0.05% | 0.10% | 0.05% | 0.02% | |
| EUR | 0.00% | 0.09% | 0.28% | 0.06% | 0.10% | 0.05% | 0.02% | |
| gbp | -0.09% | -0.09% | 0.17% | -0.04% | 0.00% | -0.04% | -0.07% | |
| JPY | -0.25% | -0.28% | -0.17% | -0.22% | -0.16% | -0.26% | -0.23% | |
| scurvy | -0.05% | -0.06% | 0.04% | 0.22% | 0.06% | 0.00% | -0.03% | |
| AUD | -0.10% | -0.10% | -0.01% | 0.16% | -0.06% | -0.05% | -0.09% | |
| NZD | -0.05% | -0.05% | 0.04% | 0.26% | 0.00% | 0.05% | -0.03% | |
| CHF | -0.02% | -0.02% | 0.07% | 0.23% | 0.03% | 0.09% | 0.03% |
The heat map shows the percentage change of major currencies against each other. The base currency is selected from the left column, while the quote currency is selected from the top row. For example, if you select US Dollar from the left column and move to Japanese Yen along the horizontal line, the percentage change displayed in the box will represent USD (base)/JPY (quote).
