Silver prices extend recovery above $19.00. USD , dives to the Fed side, easing speculation. XAG/USD is now in the area of ​​major resistance at $19.30. silver prices extended Thursday from Friday’s low of $18.30, breaking above $19.00 and reaching a weekly high of $19.30. The value of the precious metal is up more than 3% on the day, which is half of last week’s selling loss. PRECIOUS METALS FEEL SOFT AGAINST USD A news report from the Wall Street Journal suggests that Fed officials are open to discussions on how to signal a smaller rate hike in December. This offset the positive impact of the extraordinary rhetoric of the bank representative and led to a general weakening of the US dollar. In addition, the supposed intervention of the Bank of Japan and the Ministry of Finance of Japan generally pushed the yen higher. USD/JPY fell over 2.5% as a result, which exposed the USD position everywhere. XAG/USD Key resistance $19.30 From a technical perspective, the pair is now testing the $19.30 resistance area (Oct. 13 high and 38.7% Fib. .-10. tracking the October bill). Above that, the next possible targets are $19.65 (50% retracement and the October 11 high) and the $20.00 level. On the downside, below the previous $19.00 resistance area, the next possible targets could be the -hour 20-period SMA currently at $18.60 and the October 1 low at $18.08.

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