International News
Silver slips after strong rally, bears eye $34
US spot silver reached a five-month high of $34.58 before experiencing a significant pullback towards the $34.00 level. This suggests profit-taking by traders and a reduction in exposure ahead of potentially volatile US macroeconomic releases.
The price action indicates a breach of the initial support level at $34.23, the March 18 peak. This breach signals potential for further downward momentum.Traders are exhibiting caution, likely due to the anticipation of upcoming US economic data, which could significantly impact the US Dollar and, consequently, the price of silver.
Key Support and Resistance Levels:Support: $34.23 (breached), $33.51 (March 26 daily low), $33.00.Resistance: $34.25, $34.58 (YTD high), $35.00.
The recent price action suggests a shift in short-term momentum from bullish to bearish.A daily close below $34.23 is a critical indicator of potential further downside.The next support levels at $33.51 and $33.00 are crucial for determining the extent of the pullback.Conversely, if XAG/USD manages to hold above $34.25, it could signal a resumption of the bullish trend, with the YTD high of $34.58 and the $35.00 level as potential targets.
US Macroeconomic Data: Upcoming US economic releases will be a significant driver of XAG/USD price action. These releases will influence the strength of the US Dollar, which has an inverse relationship with silver prices.Trader Positioning: The recent pullback suggests traders are unwinding long positions and reducing risk exposure.
Gold Price Correlation: Silver often exhibits a strong correlation with gold prices. Movements in gold will likely influence XAG/USD.Global Economic Uncertainty: Ongoing global economic uncertainty, including geopolitical tensions, can drive safe-haven demand for precious metals like silver.
International News
Cartier Reimagines an Icon: The Ruby-Set ‘Juste un Clou’ Debuts for Lunar New Year
A Fusion of Industrial Rebellion and Festive Elegance Marks a Limited-Edition Celebration of Luck and Prosperity.
In a bold intersection of high-fashion defiance and cultural tradition, Cartier has unveiled a limited-edition interpretation of its legendary Juste un Clou collection. This special release sees the iconic “nail” silhouette transformed with a festive row of vivid red rubies, launched specifically to commemorate the Lunar New Year.
Originally conceived in 1970s New York by designer Aldo Cipullo, the Juste un Clou has long been a symbol of the “rebellious spirit” and the elevation of the ordinary into the extraordinary. By integrating rubies—stones that traditionally symbolize luck, vitality, and renewal—Cartier effectively bridges its radical Western design heritage with the deep-rooted values of the East.
The collection features the signature wrap-around nail design in gold in bracelets, necklaces, earrings & rings with the “head” and “point” of the nail meticulously pavé-set with high-quality rubies. Industry experts view this move as a strategic masterstroke, as the “festive red” aesthetic continues to be a primary driver for luxury consumption during the spring transition.
Tamannaah Bhatia Unveils “Tamannaah Fine Jewellery” Label Rooted in Everyday Elegance
Bluestone Turns Profitable as Q3 FY26 Revenue Rises 27.5% to Rs 748 Crore
Budget is pushing gold-related policy suggestions into focus.
Ranbir Kapoor Joins PNG Jewellers as the new Ambassador, Ushering in a New Chapter of Legacy and Modernity
Aimee Baruah Opens Grand Showroom of Manik Chand Nand Kishore Jewellers in Dibrugarh
Bakul Limbasiya Receives Prestigious APO National Award for LGD Pioneering
-
BrandBuzz3 days agoRanbir Kapoor Joins PNG Jewellers as the new Ambassador, Ushering in a New Chapter of Legacy and Modernity
-
New Premises2 days agoAimee Baruah Opens Grand Showroom of Manik Chand Nand Kishore Jewellers in Dibrugarh
-
National News3 days agoBakul Limbasiya Receives Prestigious APO National Award for LGD Pioneering
-
Appoinment3 days agoTiffany & Co. Strengthens Leadership with David Ponzo as Deputy CEO
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.