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Silver sees modest gains, but overall bearish tone persists

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Silver (XAG/USD) sees modest gains, trading around $30.15 during Tuesday’s(Apr 8) Asian session. Despite the uptick, the overall bearish tone persists, as reflected in technical indicators and broader market sentiment.

Investors appear to be locking in profits or covering margin positions amid global trade tensions, which continue to weigh on risk appetite. However, a weaker U.S. dollar may help cushion silver’s downside, given its status as a USD-denominated asset.

From a technical standpoint, silver remains under pressure below the 100-day Exponential Moving Average (EMA). The 14-day Relative Strength Index (RSI) hovers around 32.70, below the neutral 50 mark, reinforcing the bearish momentum.

Key support lies at the psychological $30.00 level. A break below this could expose further downside towards $28.80 — the December 20, 2024 low — followed by $28.31, the low from April 7.

On the upside, immediate resistance is seen at $30.85, the January 21 high. A sustained move above this level could open the door to $31.77 (100-day EMA), with further bullish extension toward $33.20 — the February 20 peak.

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Chopard Showcases High Jewellery Creations with Caroline’s Couture at Paris Haute Couture Week

High jewellery creations styled with Caroline’s Couture at Paris Haute Couture Week

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Paris: Chopard presented its High Jewellery creations at Paris Haute Couture Week, styling them with Caroline’s Couture in a refined display that blended exceptional jewellery craftsmanship with contemporary couture aesthetics.

The showcase highlighted Chopard’s signature use of coloured gemstones and diamonds, with statement ruby and diamond pieces forming the core of the presentation. Key designs included a pear-shaped ruby pendant necklace set in diamonds, coordinated chandelier earrings, and ruby-accented high jewellery timepieces, reflecting the Maison’s expertise in gemstone selection and intricate setting techniques.

The jewellery was styled alongside couture silhouettes in soft pastel and gradient hues, creating a balanced visual contrast that allowed the pieces to stand out. Strapless gowns and fluid structures ensured a clear focus on the jewellery, reinforcing Chopard’s emphasis on elegance, proportion, and wearability.

According to the brand, the collaboration with Caroline’s Couture reflects Chopard’s continued engagement with the world of haute couture and red-carpet fashion. By pairing high jewellery creations with couture craftsmanship, the Maison reinforced its positioning at the intersection of luxury jewellery, fashion, and design innovation.

The presentation at Paris Haute Couture Week further strengthens Chopard’s visibility on the global luxury stage, underlining its commitment to high jewellery excellence, artistic expression, and contemporary luxury storytelling.

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