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Commodities Silver

Silver Price Outlook: XAG/USD Under Bearish Pressure Around $33.00 Amid Critical Fibonacci Support Levels

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  • March 21, 2025
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Silver (XAG/USD) remains under bearish pressure for the third day in a row, falling towards the weekly low around the $33.00 level. The metal has fallen below the 23.6% Fibonacci retracement level of its latest rally, which indicates the possibility of more corrective losses. But mixed technical indicators and stable daily oscillators indicate that the fall may hit robust support close to the $32.90-$32.95 range. A persistent break below this zone may pave the way for lower levels towards $32.50 and even $32.00. On the upside, a recovery above $33.40 and $33.55 can reignite positive momentum and lift silver back into multi-month peaks in the area of $34.20-$34.25. KEY LOOKOUTS         • Monitor price action around the 38.2% Fibonacci level—this area can serve as an important support. A breach here could lead to a more intense correction towards $32.50 and $32.00. • The 23.6% Fibonacci level and recent session highs around $33.55 are important resistance levels. A good breakout above this area may rekindle bullish momentum. • A continued fall below the 50% Fibonacci retracement point at $32.50 would confirm additional bear risk, and the recent rally may have topped. • If the buyers take over again, XAG/USD can visit $34.20-$34.25 peaks, with additional upside potential towards the $34.55-$34.85 area—levels not seen in multi-year highs. Silver (XAG/USD) continues to be under pressure, with the attention now going towards critical technical levels that may decide its next direction. The $32.90–$32.95 range, which is also coinciding with the 38.2% Fibonacci retracement level, is proving to be a significant support level—any strong break below this level could propel the downside towards $32.50 and even $32.00. Conversely, near-term resistance is at the $33.40–$33.55 range, and a break above this level could set the stage for a recovery towards $34.00 and multi-month highs of $34.20–$34.25. A move in either direction from these levels for an extended period will probably set the direction of silver prices short-term. Silver (XAG/USD) is under selling pressure and moving close to the critical support range of $32.90–$32.95. Breaking below here could lead to more losses, whereas a break above $33.55 may create a route for a trip to $34.20–$34.25 highs. • Silver (XAG/USD) is under pressure for the third day in a row, trading close to the $33.00 level. • Price has fallen below the 23.6% Fibonacci retracement level, reflecting bearish sentiment. • Important support is at the $32.90–$32.95 zone (38.2% Fibo. level), a level to be closely monitored. • A sustained break below this zone may trigger further losses to $32.50 and $32.00. • Oscillators on the daily chart remain in positive ground, indicating minimal downside in the near term. • Resistance is around the $33.40–$33.55 zone; a breakout could resuscitate bullish momentum. • Targets on the upside are $34.00, then $34.20–$34.25 and additional resistance around $34.55–$34.85. Silver still attracts interest within the international market as investors remain keen on observing its performance during shifting economic fundamentals. The white metal, viewed by many as a safe haven, is at the center of both industrial use and investment portfolio. As investment in precious metals gains traction based on global uncertainty and inflation risk, silver becomes a key part of market narratives. XAG/USD Daily Price Chart Chart Source: TradingView In addition to its investment value, silver is extensively applied in industrial applications like electronics, solar power, and medical uses, thus maintaining its demand robust in the long term. As market players assess global economic trends, geopolitical events, and monetary policies, silver is poised to continue to play a pivotal role as an asset of diversification and preservation of value. TECHNICAL ANALYSIS Silver (XAG/USD) is already reflecting a correction phase following a recent rally, with price action fluctuating around a critical support area. The metal has fallen below the 23.6% Fibonacci retracement level of its latest upwards movement, hinting at a possible slowdown in bull momentum. Daily chart indicators, however, continue to be in the positive region, meaning that the broader trend has not altogether turned bearish. Traders are watching closely at key support and resistance levels, as a break in either direction would decide silver’s next big move in the near term. FORECAST Silver (XAG/USD) may see a gradual rebound in the near term. A consistent move above near-term resistance levels can pave the way for more gains, potentially driving the price towards earlier multi-month highs. Bullish sentiment, fueled by rising industrial demand and renewed investor appetite, may propel the metal upwards. Sustained strength in global precious metal markets and weakening dollar pressure may also lend support to bullish silver price moves. On the contrary, in case selling pressure prevails, silver could prolong its correction stage, moving towards lower support levels. A clear break below significant levels might indicate deeper losses, depicting short-term bearish sentiment. Events such as a firmer U.S. dollar, increasing bond yields, or decreasing safe-haven demand might dampen silver prices. In this context, market participants could see further bearish moves before the market establishes a new support base for stabilization.

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Commodities Silver

Silver Falls Below $32.50 as China Deflation Intensifies and Trade Tensions Rise

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  • March 10, 2025
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Silver prices (XAG/USD) fell below $32.50 an ounce for the third consecutive session as demand worries heightened due to softer Chinese economic data. China’s lower Producer Price Index (PPI) and Consumer Price Index (CPI) reflect ongoing deflationary forces in the manufacturing sector, a major driver of silver usage. In spite of bearishness, downside risk in the safe-haven metal remains contained with increased global trade tensions, including a 100% tariff levied by China on Canadian agriculture imports in retaliation against previous tariffs. Moreover, mounting fears surrounding the stability of U.S. economy and business volatility may support the safe-haven demand of silver in the near future. KEY LOOKOUTS • China’s persistent deflation in the industrial sector could continue to reduce silver demand and pressure prices in the face of declining global manufacturing. • Increasing trade tensions, such as China’s 100% tariff on Canadian imports, could drive safe-haven demand and support silver prices. • Deteriorating U.S. economic conditions and business sentiment could improve the appeal of silver as a hedge against market volatility. • The Federal Reserve’s any dovish comments on economic deceleration could push up precious metal demand, and silver’s present bearish trend may be reversed. Silver prices continue to stay weak with deflation fears in China and increasing global trade tensions putting immense pressure on sentiment. With the recent reading of China’s Producer and Consumer Price Index numbers showing further evidence of weakness in industrial demand, fears of lowered consumption are pulling silver down. But geopolitical events, including China’s retaliatory 100% tariff on Canadian farm imports and rising trade tensions driven by policies under Trump, may reawaken safe-haven demand. And growing uncertainty regarding the U.S. economic outlook, signaled by dovish comments from the Federal Reserve, may offer support for silver prices in the short term. Silver prices fall below $32.50 following weaker Chinese economic data, increasing fears about industrial demand. However, rising trade tensions and economic uncertainty in the U.S. could support the metal’s safe-haven allure. • Silver prices fall below $32.50 on worries about weakening China industrial demand. • China’s Producer Price Index declined 2.2% YoY, indicating continued industrial deflation. • China’s Consumer Price Index also fell by 0.7%, driven by wider economic weakness and lackluster consumption. • Trade tensions rise as China hits Canadian farm products with a 100% tariff in retaliation. • Geopolitical progress sees global markets stay on their guard with safe-haven metals such as silver in higher demand. • Uncertainty for U.S. businesses increases, with Fed officials cautioning against possible consequences on economic demand and growth. • Technical indicators indicate long-term bearish momentum, with silver resisting around $33.00 and finding support at $32.00. Silver prices are under pressure as anxiety mounts over the deterioration of China’s economic conditions, a world-leading consumer of industrial metals. Recent figures that indicate declines in China’s Producer and Consumer Price Index are manifestations of intensifying deflationary trends, a sign of shrinking industrial activity and decelerating demand. This has sent fears in global markets, particularly over commodities such as silver that have strong correlations with manufacturing and production industries. XAG/USD Daily Price Chart Chart Source: TradingView Meanwhile, increasing international trade tensions are contributing to market uncertainty. China’s announcement that it would levy a 100% tariff on Canadian agricultural products has further ratcheted up the current trade war. These types of geopolitical events tend to drive demand for safe-haven assets such as silver, even in periods when economic indicators are poor. In addition, increased uncertainty about the U.S. economic outlook and business sentiment can further contribute to silver’s status as a hedge against wider market volatility. TECHNICAL ANALYSIS Silver is now displaying indications of ongoing bearish momentum following the breakdown below major support around the $32.50 level. The metal has been trending lower for the third straight session, indicating persistent selling pressure. Unless the price recovers upward strength, it can test the next support level around $32.00, whereas any bounce may meet resistance near the $32.80–$33.00 area. Momentum gauges like RSI and MACD also point to a weakening trend, which means that the bears are firmly in command unless a strong reversal signal appears. FORECAST Silver prices may rebound even with recent pressure if safe-haven demand improves as global uncertainties increase. Increasing trade tensions, particularly China’s retaliatory tariffs and general geopolitical uncertainty, might propel investors into precious metals. Also, any indications of the U.S. economy slowing down might encourage the Federal Reserve to go more dovish, thereby weakening the dollar and boosting silver prices. Breaking above the $32.80–$33.00 resistance area might unlock more upside traction in the short term. Silver, however, could continue to come under downward pressure if poor economic data from China continue and industrial demand continues to be weak. Further deflationary tendencies in China’s manufacturing industry may weigh significantly on silver consumption and cap price recovery. Should bear momentum persist and prices break below the $32.00 support level, the next major downside target is seen around $31.50. In addition, a stronger dollar or hawkish Fed signals would also dampen silver’s rise. 

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Commodities Silver

Silver Price Forecast: XAG/USD Remains Bullish Bias Despite Retreat – Levels to Note

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  • March 6, 2025
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Silver (XAG/USD) trades with a marginal negative bias at the upper mid-$32.00s, ending a three-day winning run but still enjoying a bullish outlook. Even after the retreat, the technicals remain bullish-friendly, with the oscillators developing positive momentum and the metal continuing to hold over important support levels. A push towards $33.00 and higher is still on the cards, with resistance around $33.40 and further goals at $34.00 and $35.00. But a strong break below $32.25 might lead to a fall to the $31.00-$30.80 area, tilting momentum in favor of bearish traders. KEY LOOKOUTS • Silver is still above crucial support levels despite a small fall, with technicals pointing to possible gains to $33.40, $34.00, and $35.00. • The following major roadblocks are at $33.60-$33.70, with the breakout opening the doors for silver to challenge the key $34.50-$35.00 area. • A fall below $32.25 could prompt further losses towards $31.80 and $31.00, which might shift things in favor of bearish traders. • The 100-day EMA around $31.10-$31.00 remains a critical level; a fall below here could lead to more selling pressure and a bearish reversal. Silver (XAG/USD) remains in a bullish trend even after a small pullback, with technical indicators indicating possible upward movement. The most important resistance levels to look out for are $33.40, then $33.60-$33.70, with a breakout leading the way to $34.00 and $35.00. On the bearish side, support at $32.25 is important, with a sustained fall below this triggering further losses towards $31.80 and the 100-day EMA at $31.00. Overall, short-term volatility continues, but the bigger picture remains bullish for buyers unless silver declines below major support levels, changing the trend in favor of bearish traders. Silver (XAG/USD) is still bullish despite a minor correction, with major resistance at $33.40 and $34.00. A fall below $32.25 may lead to further losses, but the 100-day EMA around $31.00 is still an important support. • Silver (XAG/USD) is still an important commodity for industrial consumption and investment, and its price action is driven by this. • Silver still has a bullish inclination despite recent volatility, with technicals pointing towards potential upside action. • The next resistance levels are at $33.40 and $34.00, with a break opening the door to higher price targets. • Key support levels at $32.25 and $31.80 will decide if silver continues its uptrend or falls. • Silver prices are influenced by inflation, central bank actions, and global economic conditions. • Growing demand from solar panels, electronics, and medical applications continues to underpin long-term demand. • A strong dollar, increasing bond yields, or a change in investor sentiment may influence silver’s short-term price movement. Silver (XAG/USD) remains a vital asset in global markets, valued for both its industrial applications and its role as a store of wealth. Its demand spans across various industries, including electronics, solar energy, and medical technology, making it an essential component of modern innovations. Additionally, silver has historically been considered a safe-haven asset, with investors turning to it during times of economic uncertainty and inflationary pressures. As the globe goes greener with technology, growing application of silver in renewable energy applications, notably solar panels, keeps driving demand in the long term. XAG/USD Daily Price Chart Chart Source: TradingView Apart from its industrial and investment interest, silver is also culturally and historically significant in every society across the globe. Jewelry and ornaments to coins and bullion, it has been a mark of prosperity and wealth for ages. Central banks, institutional investors, and retail traders closely monitor silver because it has the dual character of being both a commodity and a financial asset. As the world’s economic trends change, silver is an important component in portfolios and industries as well, capturing wider trends in technology, sustainability, and economic stability. TECHNICAL ANALYSIS Silver (XAG/USD) still displays a bullish inclination from a technical point of view, with leading indicators favoring bullish momentum. The metal has continued to demonstrate its resilience above vital support levels, while daily chart oscillators see positive momentum in gaining traction in a constructive approach. Moving averages, especially the 100-day EMA, serve as decisive pivot points whose price action shows respect for levels. Resistance ranges around $33.40 and $34.00 offer a potential upside targets, while breaching key levels of support sends out a possibility of a trend reversal. All in all, the technical setup for silver is positive for buyers except if a solid breakdown below pivotal support changes direction. FORECAST Silver (XAG/USD) still has a positive outlook as market sentiment favors increased gains. Unless buying pressure strengthens, the metal may head for the $33.40 level of resistance with a possible breakthrough allowing $33.60-$33.70. Continued bullish momentum would propel silver even higher towards the psychological figure of $34.00, with a longer-term rally aiming for the $34.50-$35.00 band. Encouraging economic news, higher industrial demand, or a weakening U.S. dollar would serve as the catalysts for higher silver prices in the near term. To the downside, silver has critical support at $32.25-$32.30, which would cap any near-term decline. A decline below this area could reveal the metal to more losses towards $31.80 and the 100-day EMA level around $31.10-$31.00. If downside pressure becomes aggressive, silver would test the $30.80 area, representing a change of heart towards bearish grounds. Events like a firming U.S. dollar, increasing bond yields, or risk-off risk in financial markets would help send silver’s prices lower.

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Commodities Silver

Silver Price Forecast: XAG/USD Set for Next Leg of Upside as Bulls Target Breakout Above $31.00

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  • January 30, 2025
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Silver (XAG/USD) maintains its bullish bias for the third consecutive day and touches a fresh one-month high at around $31.00. The technicals are supportive of the buyers, and most indicators are hinting at more upside. A clear break above the 100-day SMA can propel the pair toward key resistances at $31.50, $32.00, and potentially even $33.00. Any pullback will probably be corrective. Near $30.65, there is strong support, and the 200-day SMA is still around $30.00. Of course, if it breaks to a lower level, silver could head lower to place $29.70 more into focus. KEY LOOKOUTS • A sustained move above the 100-day SMA will likely mark the start of a strong uptrend, and silver can run quickly to $31.50, then $32.00, and even $33.00 into the short term. • The downside protection is at $30.65, while the 200-day SMA stands at around $30.00, which can be a key support zone for buyers. • Momentum indicators are turning positive and indicate continued buying interest, supporting the idea that silver may make an extended upside move. • A break below the psychological $30.00 level could change the sentiment and may lead to a retest of the lower support zones of $29.70 or below. Silver (XAG/USD) tends to hold up as bullish, with a potential breakout above $31.00 likely coming within bullish technical moves. Strength above the 100-day SMA could easily lead to a push toward $31.50 or even $32.00, and then $33.00, should it be utterly valid. Likewise, defying the negativity will be $30.65 and the 200-day SMA near $30.00. However, a break below this key psychological level could trigger a deeper correction toward $29.70 or lower. Traders should watch these critical levels closely as silver navigates its next move. Silver (XAG/USD) is on an upward trajectory again, with breakout potential above $31.00, as several technical indicators go bullish. Still, a relatively strong support in the vicinity of $30.65 and close proximity to $30.00, the 200-day simple moving average (SMA), limit the downfall. A close above the resistances could boost the price significantly to $32.00. • Silver (XAG/USD) is seeing its third straight day of upside, reaching an intraday peak near $31.00 in one month. • A breakout above the 100-day SMA could push prices toward $31.50, $32.00, and possibly $33.00. • Immediate support lies at $30.65, with the 200-day SMA around $30.00 acting as a critical level for buyers. • Momentum indicators show increasing buying pressure, reinforcing the potential for continued upside movement. • A break below the $30.00 psychological level may trigger a decline toward $29.70 or lower. • Sustained buying interest could lead to an extended rally, reversing all previous corrections from the October 2024 multi-year high. • Traders will need to closely monitor price action, as a confirmed breakout or rejection at the key levels will dictate the next move. Silver (XAG/USD) continues to build bullish momentum to a one-month high near $31.00. The price is approaching a critical resistance level at the 100-day SMA, and a breakout above this level could push silver toward $31.50, $32.00, and even $33.00. Technical indicators are supporting this bullish outlook as increased buying pressure is reinforcing the potential for an extended rally. The recent short-covering rally indicates that the corrective decline from October 2024’s multi-year peak may have ended, opening the way for further upside movement. XAG/USD Daily Chart TradingView Prepared by ELLYANA On the downside, immediate support is seen at $30.65, with the 200-day SMA around $30.00 acting as a crucial level for buyers. A break below this psychological mark could trigger a deeper correction, possibly driving prices toward $29.70 or lower. However, as long as silver remains above key support levels, any pullback is likely to be seen as a buying opportunity. These should be watched carefully by traders to see whether there is a confirmed breakout or rejection, which will give the next significant move for XAG/USD. TECHNICAL ANALYSIS Silver (XAG/USD) setup bullish, as the price remains above important support levels and approaches to a critical resistance near the 100-day SMA at $31.00. Momentum indicators have just turned positive again, especially through the RSI and moving averages. Thus, a strong break above it can be interpreted to further add support to potential additional upside breaks that could now touch the following resistances $31.50 then $32.00 followed by $33.00, which are a tough resistance and hence should take out $30.65; it has huge supports, even up to a barrier of its 200 DMA of $30.00 for support. A dip below this could make the mood turn bearish, which can cause a potential retest at $29.70. At large, the technical picture favors bulls, with any short-term correction expected to be seen as a buying opportunity. FORECAST Silver (XAG/USD) looks ready for a higher high since the bullish momentum continues to pick up steam with the price maintaining above critical support levels. A decisive breakout above the 100-day SMA at $31.00 should trigger a strong rally, driving silver toward the $31.50-$31.80 zone, then to the psychological barrier of $32.00. If buying pressure remains strong, silver could target the December swing high at $32.30 and potentially drive gains toward $32.75-$33.00, a level not seen since early November. Technical analysts such as RSI and MACD support a bullish outlook by way of increasing investor confidence in higher price levels. The continuation of the short-covering rally can further fuel upside movement. Again, silver’s improvement has bearish downside risks if it fails to sustain momentum above $31.00. Its resistance appears strong against a pullback back toward the first support at $30.65. If selling pressure increases, the price may test the 200-day SMA at $30.00, which is a significant psychological and technical support level. A confirmed break below $30.00 may shift sentiment bearish, and silver may drop to $29.70 and possibly $29.30. Macro factors such as a strengthening U.S. dollar or rising bond yields could also weigh on silver prices, leading to increased volatility in the near term. However, with key support levels

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