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Commodities Silver

Silver Price Prognosis: XAG/USD Stays Above $41 after Fed Rate Cut Speculations Drive 14-Year Highs

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  • September 8, 2025
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Silver (XAG/USD) is holding above the critical $41.00 level after rising to a new 14-year high of $41.67 on weaker-than-expected U.S. jobs data that supported prospects of a rate cut by the Federal Reserve in September. The weaker dollar, falling Treasury yields, and resilient speculative positioning have reaffirmed bullish momentum, while dual demand from Silver as a safe-haven as well as industrial metal keeps buyers coming. Overtly overbought technical indicators notwithstanding, the outlook remains positive, with the $41.50–$42.00 area the next target for the upside, while support at $41.00 and $39.50. KEY LOOKOUTS • Dovish U.S. NFP data bolsters September Fed rate cut expectations, surging demand for Silver. • Strong support at $41.00 and $39.50, with potential upside targets at $42.00 and $43.40 if momentum continues. • CFTC stats indicate speculators building on longs, which adds strength to the bullish outlook, as commercials remain net short. • Holding firm around 88.00, indicating relative outperformance of Silver against Gold since April. Silver prices remain to consolidate above the pivotal $41.00 level after reaching a new 14-year high of $41.67, with momentum strongly in favor of the bulls. Weaker U.S. labor market data has raised hopes of a September Fed rate reduction, lowering the opportunity cost of holding Silver and sustaining investor appetite. Market sentiment is also bolstered by increasing speculative long positions and Silver’s dual status as both a safe-haven asset and a crucial industrial metal, especially in renewable power and electric vehicles. Although overbought signals call for caution, the overall outlook still favors the bulls as long as prices remain above key support levels. Silver (XAG/USD) is maintaining above $41.00 after reaching a 14-year high, lifted by expectations of Fed rate cuts and high demand from investors. The uptrend remains intact with a potential for gains towards $42.00–$43.40 as long as the $41.00 level holds. • Silver (XAG/USD) registered a new 14-year high at $41.67 before consolidating around $41.25. • Lower U.S. Nonfarm Payrolls data has strengthened the case for a September Fed rate cut. • Lower Treasury yields and a weaker U.S. Dollar are increasing demand for Silver. • Well, CFTC data indicates that speculators are starting to add to longs while commercials are still significantly short. • The Gold/Silver ratio trades around 88.00, indicating Silver outperforming Gold. • Technicals indicate that momentum is positive with resistance at $42.00 and $43.40 and support at $41.00 and $39.50. • Silver is supported by dual demand as both an industrial metal used in solar and EV applications and a safe-haven asset. Silver’s recent rally to a 14-year high is testimony to increasing optimism in the value of the metal during changing macroeconomic scenarios. The softer-than-forecasted U.S. jobs numbers has reaffirmed expectations of a Federal Reserve rate cut in September, which has made non-yielding assets such as Silver more enticing to investors. A weaker U.S. Dollar and declining Treasury yields have also helped to fuel demand, as Silver’s double role as a safe-haven and industrial commodity continues to enhance its attractiveness in difficult times. XAG/USD DAILY CHART PRICE SOURCE: TradingView Apart from its economic function, Silver’s value in industrial uses like solar panels, electric vehicles, and renewable energy technologies provides a structural support base of demand that helps sustain its resilience. The CFTC’s most recent positioning figures indicate that speculators are more bullish on Silver’s prospects while commercials are defensive. This decoupling indicates robust investor sentiment and Silver’s chances to be an insider favorite within the larger commodity complex due to both economic and industrial fundamentals. TECHNICAL ANALYSIS Silver (XAG/USD) is ranging higher above the crucial $41.00 level following the break of the $40.50 resistance, reflecting strong bullish energy. Prices on the daily chart are far above the 21-day SMA at $39.10, with the RSI at around 71, reflecting overbought levels but persistence of upward strength. The ADX at 23 indicates the trend is strengthening, while a firm close over $41.50 could set the stage for $42.00, and even $43.40. On the 4-hour chart, steep 21 and 50-period SMAs serve as dynamic support, while initial bullish indications in the MACD indicate further gains provided Silver remains over $41.00. FORECAST If Silver (XAG/USD) holds above the $41.00 level, bullish energy might propel prices to $41.50 and subsequently to the $42.00 mark. A sharp breakout above $42.00 can set the stage for the next big resistance at $43.40, a continuation of the multi-year bull run fueled by investor appetite and supportive macroeconomic fundamentals. On the negative side, near-term support stands at $41.00, then $39.50 and the 21-day SMA at $39.10. Any sharp decline below here would signal profit-taking or a short-term correction, which may taper the bull run and provide the bears with an opportunity to test lower levels of support.

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Commodities Silver

Silver Price Outlook: XAG/USD Persists Near $37.00 as Bearish Sentiment Remains Strong

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  • August 4, 2025
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West Texas Intermediate (WTI) crude prices dropped to around $66.35 during early Asian trading on Monday after the latest significant OPEC+ production boost of 547,000 barrels per day in September. The move has also fueled concerns over a supply glut, especially after consecutive monthly increases since April. In addition, soft U.S. employment figures have fueled economic slowdown fears, putting pressure on oil prices lower. In spite of some relief from the threat of secondary sanctions on Russian crude, attention then shifts to upcoming data from the American Petroleum Institute (API) for further direction. KEY LOOKOUTS • Breakdown below the rising channel and 200-period SMA on the H4 chart validates bearish pressure. • Attempts to recover may meet strong resistance at $37.35 and $37.60, both at the 200-SMA and channel support breakpoint. • Support is at $36.20; a break below can open the door to $36.00 and then on to $35.50–$35.00. • Technical indicators hint that rallies may be short-lived unless silver convincingly reclaims $37.60. Silver (XAG/USD) continues to be under bearish pressure as it flatlines around $37.00, unable to capitalize on Friday’s modest recovery. The recent breakdown of the white metal below a two-month-old rising channel and 200-period SMA on the 4-hour chart has reinforced the bearish bias. Even in the wake of softer US job numbers last week, the waning USD weakness is contributing to the bearish bias. Technical charts on both daily and intraday time frames indicate limited upside, with any bounce expected to run into selling pressure around the $37.35–$37.60 range. Unless the bulls recover this important resistance level, silver is still exposed to more losses down to $36.20, $36.00, and even the $35.00 psychological level. Silver (XAG/USD) trades around $37.00, unable to follow through on Friday’s bounce with a renewed USD rally. Technicals incline towards a bearish bias, with resistance between $37.35–$37.60 in all likelihood to limit gains. A fall below $36.20 has the potential to further hasten the decline to $35.00. • Silver trades flat at $37.00 with declining bullish momentum and fresh USD strength. • Price hovers near four-week low, indicating ongoing bearishness. • Break below the rising channel and 200-period SMA on H4 chart reaffirms bearish technical pattern. • Downside bias is supported by negative oscillators on 4-hour and daily charts. • Initial resistance is at $37.35, followed by key hurdle near $37.60. • Support is initially found at $36.20, with additional downward risks towards $36.00, $35.50, and $35.00. • Attempts to recover are likely short-lived unless silver convincingly breaks back above $37.60. Silver (XAG/USD) starts the week on a guarded tone, sitting steady at the $37.00 level. Market sentiment is low as market participants process last week’s U.S. employment data, which initially burdened the U.S. Dollar but not enough to impart sustainable push for precious metals. Given the overall macroeconomic situation remaining in doubt, investors seem unwilling to take on aggressive bets in silver. Lack of new catalysts is joining the sideways action, with market players waiting for clearer signs before placing directional wagers. XAG/USD DAILY PRICE CHART SOURCE: TradingView Behind the scenes, broader themes of global economic wellbeing, inflation direction, and central bank policy still shape the silver market. With industrial and investment demand as a commodity, silver is still sensitive to changes in global risk appetite and demand direction. Short-term sparks from geopolitical tensions and economic releases may generate excitement, but medium-term performance will probably rest on how these wider themes continue to play out in the weeks ahead. TECHNICAL ANALYSIS Silver (XAG/USD) broke a crucial rising channel support that has remained intact for almost two months, indicating a change in momentum to the downside. Such a breakdown also comes along with a fall below the 200-period Simple Moving Average (SMA) on the 4-hour chart, further supporting the bearish view. Momentum indicators on the 4-hour and daily charts are also declining, indicating ongoing selling interest. Any attempts at rebounding are bound to be met with resistance at the $37.35 mark, with an even more solid barrier at $37.60—both of which must be overcome in order to dissuade the bearish tilt and set the stage for a possible short-covering rally. FORECAST If Silver (XAG/USD) can somehow stay above the $37.00 mark and gain some bullish traction, the initial hurdle is the $37.35 zone, denoted by the 200-period SMA on the 4-hour chart. A persistent break above this level would produce a modest rebound, advancing prices to the $37.60 area, the former channel support. A breakout above this key resistance would clear the way for a short-covering advance to $38.00, and then to the $38.30–$38.35 zone. Conversely, inability to hold above $37.00 will draw in fresh selling interest. A clean fall below the immediate support level of $36.20 would reemphasize the bearish tilt and might take silver to the psychological $36.00 mark. Further weakness beyond this level could spur the fall, leaving the metal vulnerable to further declines to the $35.50 area, with the $35.00 level serving as an important downside objective in the near term.

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Commodities Silver

Silver Price Prediction: XAG/USD Remains Close to $38 with US-EU Trade Deal and Fed Rate Hesitancy

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  • July 28, 2025
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Silver (XAG/USD) moves carefully in the vicinity of the $38.00 level with enhanced market mood from a settled US-EU trade deal diminishing safe-haven demand. The deal, which places 15% duties on Brussels imports, has increased investor risk appetite, evidenced by climbing S&P 500 futures. In the meantime, market players are looking for the Federal Reserve’s next policy decision with expectations that interest rates will be held steady. With the Fed’s extended higher rate policy bearing down on non-yielding assets such as silver, pressure is put on the white metal, particularly as bullish momentum ebbs away, as can be seen in technical readings. KEY LOOKOUTS • The ratified trade deal, featuring 15% tariffs on EU imports, has increased market risk appetite, dampening demand for safe-haven assets such as silver. • Wednesday’s Fed meeting has everyone watching, anticipating steady rates. Any unexpected hawkish cues may continue to pressure silver. • Support is at the June 18 high of $37.32, with resistance near the June 23 high of $39.53. • The RSI declining below 60.00 and silver’s retreat from recent highs indicate fading bullish strength in the near term. Silver (XAG/USD) stays in wary bearishness around the $38.00 threshold as better risk appetite globally, fueled by the completed US-EU trade agreement, diminishes demand for conventional safe-haven assets. The deal, which calls for a 15% import tariff from Brussels, has boosted market confidence, seen in the surge of S&P 500 futures. Meanwhile, the market is focused on the upcoming Federal Reserve policy announcement, where interest rates are expected to be left unchanged. But the Fed’s policy of keeping higher rates for a longer period continues to burden non-yielding assets such as silver, again clouding the bullish picture. Silver (XAG/USD) is trading cautiously at around $38.00 as the US-EU trade agreement improves risk appetite and undermines safe-haven demand. Attention now turns to the Fed’s next policy decision, with stable rates likely to continue exerting pressure on silver prices. • Silver is trading around $38.00, coming under pressure on the downside as global risk appetite improves. • US-EU trade agreement finalized, with the US slapping 15% tariffs on EU imports, enhancing investor sentiment. •Demand for safe-haven assets shrinks as equity markets respond favorably to the trade agreement. •Fed likely to maintain rates unchanged at 4.25%-4.50% during the next policy meeting. •Increased interest rates pressurize silver, a non-yielding rate-sensitive asset. •Technical support at $37.32, with resistance around June 23 high of $39.53. • RSI below 60.00 indicates declining momentum, causing alarm for continuation to the upside. Silver (XAG/USD) is trading with a conservative tone at the $38.00 level, following the news of a US-EU trade deal. The agreement, which involves a 15% tariff on EU imports to the US, has reduced geopolitical tensions and put investor sentiment in a positive mood. Consequently, safe-haven assets such as silver have declined in demand, while equities and riskier assets have become more aggressive. General optimism over the trade agreement has moved attention from metals to growth-driven investments. XAG/USD DAILY PRICE CHART SOURCE: TradingView Market focus now moves to the coming Federal Reserve policy announcement, where the central bank will hold onto the current interest rate bracket. With inflation easing and economic growth solid, the Fed has less need to make rates adjustments in the immediate future. Nonetheless, the extension of higher borrowing rates renders non-yielding assets such as silver unappealing to investors. Silver prices, in the short term, could continue to suffer from general economic optimism and normal monetary policy, unless new geopolitical threats or economic shock trigger safe-haven demand. TECHNICAL ANALYSIS Silver (XAG/USD) has retreated back to the $38.00 handle after hitting recent peaks at around $39.53. The 20-day Exponential Moving Average (EMA) is set as a major support level, suggesting a potential cushion for additional downside. In the meantime, the 14-day Relative Strength Index (RSI) has fallen below the 60.00 mark, which shows declining bullish momentum and hints at a potential reversal to consolidation or slight correction. To the negative, the June 18 high of $37.32 can act as an immediate floor, and the June 23 high of $39.53 still stands as a key resistance hurdle to any new bullish efforts. FORECAST If investor sentiment returns to being cautious following unforeseen geopolitical events or softer economic reports, silver may return to its safe-haven status. A clear break above $38.50 might set the stage for retesting the recent high of approximately $39.53. Sustained buying interest above this resistance could push further gains towards the round psychological $40.00 level, provided the Federal Reserve indicates some dovish lean or deceleration in economic momentum. On the negative side, ongoing optimism about the US-EU free trade agreement and calm interest rate expectations of the Fed may continue to put pressure on silver. A fall below the near-term support of $38.00 could see additional declines to June 18’s high of $37.32. If this level also fails to hold, negative sentiment may accelerate, moving silver prices towards the $36.50 zone in the short run.

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Commodities Silver

Silver Grabs Support Near Multi-Decade Peaks Despite Global Trade War Fears and Fed Hesitancy

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  • July 22, 2025
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Silver (XAG/USD) has held up close to its multi-decade high of $39.00, following a minor pullback to $38.80 in early European trade. The precious metal continues to draw safe-haven flows in the face of escalating trade tensions between the US and EU, with both sides preparing for increased tariffs and tense negotiations. While hopes of the Federal Reserve keeping interest rates unchanged normally would deter demand for non-yielding assets such as silver, the metal’s positive outlook remains intact. Technical conditions, such as an uptrending 20-day EMA and a bullish RSI, also underpin the short-term uptrend, where $40.00 is the next psychological resistance level. KEY LOOKOUTS • Rising tariff tensions and geopolitical tensions continue to enhance safe-haven demand for silver. • Market attention is focused on the Fed meeting next week, with interest rates likely to remain in the 4.25%-4.50% range. • Silver has a crucial psychological level at $40.00 with solid support near $37.30. • Upward-sloping 20-day EMA and high RSI levels confirm the persistent bullish momentum in the short term. Silver (XAG/USD) continues to be in the bullish trend, trading near its multi-decade high of $39.00 even though it has had a minor dip to $38.80. The metal is attracting powerful safe-haven demand as global trade tensions rise, especially between the US and the EU, as the two sides issue threats of increased tariffs. Such geopolitical uncertainty is weighing on the otherwise bearish pressure from the expectations of extended high interest rates by the Federal Reserve. Technically, the trend is still bullish with the aid of a rising 20-day EMA and a solid RSI, and the $40.00 level serving as a near-term resistance. Silver is trading around $38.80, close to its multi-decade high on the back of increasing global trade tensions. Safe-haven buying is still strong to counter pressure from expectations of consistent Fed interest rates. The bullish forecast has the aid of favorable technical indicators. • XAG/USD is trading at around $38.80, weak but near its multi-decade high of approximately $39.00. • Geopolitical tensions between the US and EU are spurring demand for safe-haven currencies such as silver. • Reports show that the US will increase baseline tariffs to 15%-20%, supporting geopolitical uncertainty. • Interest rates are expected to remain unchanged in the next monetary policy announcement by the Fed. • Upper rates usually bear down on non-yielding assets, but silver holds firm in the face of safe-haven inflows. • Technical gauges indicate positive momentum, with the 20-day EMA increasing and RSI staying robust. • Support is near $40.00 next psychological resistance, while at around the June 18 high near $37.30. Silver remains in the spotlight as it trades close to its multi-decade high, driven by mounting geopolitical and economic tensions. The current trade war between the United States and the European Union has fuelled higher demand for safe-haven assets. Investors in both economic superpowers threaten further tariffs and retaliation, and the market is gravitating towards precious metals such as silver as a haven and protection against uncertainty. The move reflects silver’s longevity as a hedge during economic duress and global uncertainty. XAG/USD DAILY PRICE CHART SOURCE: TradingView Besides geopolitical considerations, the general macroeconomic environment also is supporting the firm performance of silver. Market participants are watching carefully the policy direction of the Federal Reserve, particularly in view of speculation that interest rates will stay high for a long time. In spite of the historically adverse effect of high interest rates on non-yielding assets, silver’s safe-haven appeal is still solid. Fears about decelerating global trade and political turmoil are supporting the metal’s appeal, keeping sentiment biased towards the bullish side. TECHNICAL ANALYSIS Silver (XAG/USD) continues to have a bullish setup while it trades near its multi-decade high of $39.00. The 20-day Exponential Moving Average (EMA) rising around $37.40 suggests ongoing bullish momentum, backing the short-term bullish bias. The 14-day Relative Strength Index (RSI) is still above 60 and 80, indicating strong buying pressure without being overbought. Major resistance is at the psychological $40.00 level, which, if broken, could lead to more upside. Supportively, instant support is around $37.30, coinciding with the earlier swing high of mid-June. FORECAST Silver has high upside potential as it still enjoys the benefits of intensified geopolitical tensions and international demand for safe-haven assets. As tensions between the US and EU escalate further, investor sentiment can turn increasingly in favor of silver, sending prices well above the pivotal $40.00 psychological level. A clean breakout above this level would initiate fresh buying interest, and silver can be guided towards higher resistance levels not observed in decades. Even with its bullish configuration, silver is still at risk for lower-side corrections if geopolitical tensions abate or if the Federal Reserve indicates a more aggressive monetary policy. Extended periods of high interest rates may ultimately bear down on demand for non-yielding assets such as silver. In that case, a retracement to key support levels around $37.30 or even lower could be in the offing, particularly if safe-haven demand temporarily subsides or profit-taking occurs at higher price points.

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Commodities Silver

Silver Price Forecast: XAG/USD Taps $39.13 in Safe-Haven Demand and Tariff Deterrence

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  • July 15, 2025
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Silver (XAG/USD) persists above $38.00 following increased safe-haven demand under heightening geopolitical tensions and inflation fears. The price is set to test the 14-year high at $39.13, underpinned by investor caution after the warning of “very severe” tariffs by U.S. President Donald Trump on Russia and NATO’s increased military aid to Ukraine. At the same time, Federal Reserve Chairman Jerome Powell’s comments suggesting possible inflation surges caused by tariff pressures have cooled rate-cut expectations. Persistent trade tensions in the world, new US tariffs on Mexican tomatoes, are still feeding through to market sentiment to support silver’s bull run. KEY LOOKOUTS • Silver will likely test the $39.13 level once more, a figure hit on Monday, with ongoing safe-haven demand. • Trump’s threat of “very severe” tariffs against Russia and added NATO military support for Ukraine might instigate additional investor risk aversion. • Jerome Powell’s warning about inflation risks associated with tariffs, potentially delaying interest rate reductions, will affect silver, a non-yielding asset. • New tariffs from the U.S. on Mexican imports and pending talks with the EU might instill global uncertainty, adding to silver’s appeal. Silver (XAG/USD) remains firmly above the $38.00 level, buoyed by revived safe-haven buying as geopolitical and trade tensions rise. Markets are focused on events following a warning from former President Donald Trump to impose severe tariffs on Russia and an affirmation of heightened military support to Ukraine through NATO. These considerations, combined with sustained inflation fears underscored by Fed Chair Jerome Powell, are fueling a risk-averse mood in financial markets. With expectations for later interest rate cuts and increased global uncertainty, silver is well-placed to test the recent 14-year peak of $39.13. Silver maintains its position above $38.00 as safe-haven buying picks up on geopolitical tensions and inflation worries. Bullish players focus on the possibility of moving toward the 14-year peak of $39.13, aided by postponed Fed rate cut hopes and fresh tariff threats. •  Silver trading at $38.10, sitting above crucial support during safe-haven inflows. •   Price considers a possible retest of the 14-year high of $39.13 seen on Monday. •  Trump warns “very severe” tariffs against Russia, spurring geopolitical risk sentiment. •  NATO verifies stepped-up arms shipments to Ukraine, raising market wariness. •  Fed Chair Powell cautions about summer spikes in inflation resulting from tariffs, keeping rate cut hopes at bay. •   Trump condemns Fed policy, demanding interest rates below 1%. •   New U.S. tariffs on Mexican tomatoes illustrate escalating global trade uncertainty. The silver market continues in robust fundamental support as geopolitical tensions and trade uncertainties fuel demand for safe-haven assets. Former President Donald Trump’s threat to slap “very severe” tariffs on Russia has increased global unease, particularly as the Ukraine war intensifies. His joint press release with NATO Secretary-General Mark Rutte on billions of dollars’ worth of defense deals, such as the sale of Patriot missile systems to Ukraine, marks an increased commitment from Western partners and contributes to the overall geopolitical risk environment. These events have seen investors take refuge in precious metals such as silver. XAG/USD DAILY PRICE CHART SOURCE: TradingView Apart from international tensions, domestic economic policy is shaping sentiment in the market. Federal Reserve Chairman Jerome Powell’s comments that inflation could rise during the summer from tariff pressures have fueled fears of delayed monetary loosening. Trump’s further criticism of the Fed, calling for interest rates to be reduced to 1% or less, has added to doubts about central bank autonomy. Trade tensions continue unabated with the U.S. government announcing a 17% tariff on fresh tomatoes imported from Mexico after talks collapsed. This mix of political, economic, and trade-driven events is serving to sustain investor demand for silver as a secure asset in times of uncertainty. TECHNICAL ANALYSIS Silver (XAG/USD) is in bullish configuration as it consolidates above the crucial support level of $38.00. Strong buying demand is indicated in this area through price action, while momentum indicators such as the RSI remain in positive value, suggesting scope for further appreciation. If bulls manage to maintain momentum, silver may try once again to break out above the recent 14-year high of $39.13. A convincing close above this level might trigger the door to a move towards the psychological mark of $40.00, and any corrective slide is expected to find support somewhere in the vicinity of $37.50 or the 20-day moving average. FORECAST Silver is set to continue its short-term uptrend, buoyed by safe-haven demand and ongoing geopolitical tensions. If the bullish sentiment persists, the price may retest the new 14-year high of $39.13 and eventually break above it. A continued move above this resistance level can initiate fresh buying interest, pushing silver to the $40.00 psychological mark. Other driving factors include prolonged worldwide uncertainty, slower-than-expected Fed rate cuts, and a rising tide of trade disagreements. On the bearish side, silver could be pressured if geopolitical tensions decrease or the Federal Reserve catches markets off guard with a dovish monetary policy tilt. A breach below the $38.00 support level could lead to a correction, with the next major support coming at $37.50 and $36.80. Further, any rumors of de-escalation in trade tensions or a firming U.S. dollar can mute silver’s attractiveness, causing short-term corrections. Nevertheless, the overall bias is likely to continue being cautiously bullish unless these bearish triggers become more severe.

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Commodities Silver

Silver Price Prediction: XAG/USD Sees Resistance Below $36 as Bulls Lose Steam

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  • July 1, 2025
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Silver (XAG/USD) fails to sustain its recovery momentum, declining below the $36.00 level as new selling pressures are seen during the Asian session. Even though there was some relief from the multi-day low at $35.40, the short-term technical picture is uncertain, with MACD indicating weakness but the RSI resting above 50. The key support is around the $35.40-$35.50 region, and a fall below that might push losses further towards $35.00 or even to $34.45. On the other hand, sustained strength above $36.20 might bring a retest of the $37.00 level and continuation of the large-scale uptrend. KEY LOOKOUTS • A firm break below this zone would initiate further bear pressure towards $35.00 and $34.45. • The rebound, if any, is likely to encounter initial resistance in this area, with more powerful bullish pressure required to revisit $37.00. • The MACD is indicating bear momentum, and the RSI still being above 50 indicates cautious trading on the cards. • A continuation move beyond this level would confirm the resumption of the three-month uptrend, targeting highs in the region of $37.30–$37.35. Silver (XAG/USD) trades under strain below the $36.00 handle, unable to sustain a recent rally from the multi-day low around $35.40. In spite of indications of vibrancy in general market sentiment, the metal is exposed to fresh selling pressure, which is indicative of uncertainty among bulls. The technical chart is mixed in outlook—while the MACD indicates faltering momentum, the RSI trading above 50 a sign of weak bearish conviction. Traders will probably wait for a definitive break below the $35.40 support or above the $36.20 resistance before entering a direction. Silver (XAG/USD) trades just below $36.00 as buyers can’t maintain momentum. Support at $35.40 is key, while resistance at $36.20 caps upside. A break in either direction might determine the next move. •  Silver trades around $35.85, falling 0.70% under renewed selling pressure. •  The rally from the $35.40 multi-day low has faltered, reflecting poor bullish conviction. •  MACD registers a bearish crossover, but RSI > 50 indicates limited conviction on the downside. •  Solid support is present around the $35.40–$35.50 horizontal area. •  A breach below this support could see further losses toward $35.00 and $34.45. •  Resistance is near $36.00–$36.20, limiting immediate recovery attempts. •  A prolonged break above $37.00 may initiate a new wave of bullishness, extending the 3-month bull trend. Silver continues to be in the spotlight with investors balancing wider market factors, such as inflation direction, interest rate forecasts, and political tensions. The precious metal keeps drawing attention as an economic uncertainty hedge, particularly with global central banks trying to find a fine line between growth support and inflation control. While other asset classes such as equities and bonds move on policy signals, silver continues to hold value because it is both an industrial and a safe-haven asset. XAG/USD DAILY PRICE CHART SOURCE: TradingView In addition, demand for silver is underpinned by its fundamental contribution to green technologies, such as solar panels and electric cars, that are picking up pace around the world. As governments continue to accelerate clean energy transitions, industrial demand for silver will continue to be firm. This fundamental demand, combined with changes in investor sentiment, will most likely contribute to setting the medium- to longer-term outlook for the metal, irrespective of near-term market action. TECHNICAL ANALYSIS Silver (XAG/USD) is also giving mixed signals, prompting caution amongst traders. The daily chart MACD has gone into the negative zone, meaning a possible change in momentum on the downside. Yet, the RSI remains above the neutral 50 level, indicating bearish strength is not yet fully established. Immediate support is seen between $35.40 and $35.50, a range that has supported recent falls. On the positive side, silver is resisted around the $36.00–$36.20 level, and only a firm breakdown above this would set the stage for a retest of the $37.00 level and higher. Until such time, price action could stay range-bound and responsive to general market signals. FORECAST In the event that Silver (XAG/USD) holds above the $35.40 support level and cracks decisively above the $36.20 resistance, it would tend to confirm fresh bullish momentum. Such an extended push past this point could set the stage for a test of the $37.00 level, which has served as a significant ceiling in recent weeks. A breach past $37.00 could push prices further toward the $37.30–$37.35 zone, which would continue the general uptrend that has been underway since several months. Conversely, a lack of support at $35.40 can initiate higher selling pressure. The breakdown of this level may expose Silver to a fall towards the psychological level of $35.00, with additional declines likely targeting the $34.75 and $34.45 support levels. This move would indicate a change in sentiment and can initiate short-term bearish positioning, particularly if general risk-off sentiment or dollar strength increases.

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Commodities Silver

Silver Price Drops to $36.50 as Fed Uncertainty and Geopolitical Tensions Hike

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  • June 27, 2025
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Silver (XAG/USD) prices dropped to about $36.50 in Friday’s Asian trading, reversing the recent rally despite increasing global risk aversion. The price drop occurs as uncertainty about the leadership of the US Federal Reserve grows, following President Trump’s indications that there could be a replacement of Fed Chair by next year. Also, geopolitical tensions mounted as Iran excluded resuming nuclear negotiations with the US, lowering market mood. Though poor US GDP data underpinned expectations of a dovish Fed, better-than-expected jobless claims and an unexpected jump in durable goods orders provided mixed signals. Investors now look forward to the US PCE inflation report for further policy guidance. KEY LOOKOUTS • Market observers are on guard as President Trump threatens to replace Fed Chair Jerome Powell, which may undermine Fed independence. • Iran’s decision to refuse to restart nuclear talks with the US may increase global tensions and impact safe-haven demand. • A steep Q1 GDP contraction contrasts with good jobless claims and durable goods orders, sending mixed messages regarding the US economic outlook. • Traders look to the coming US PCE numbers for guidance on the direction of future Fed policy and how this will affect precious metals. Silver prices fell to about $36.50 during Friday’s Asian session, weighed down by speculation about the future governance of the US Federal Reserve and increased geopolitical tensions. Market sentiment became wary following President Trump’s criticism of current Fed Chairman Jerome Powell and his hint of a possible announcement of a preferred replacement during September or October, which raised doubts regarding the independence of the Fed. Moreover, Iran’s flat-out refusal to restart nuclear talks with the US also contributed to global uncertainty. As softer US GDP data favored a dovish monetary policy view, positive jobless claims and a robust jump in durable goods orders left investors nervous before the PCE inflation report. Silver prices retreated to close to $36.50 as geopolitical tensions climbed and there was uncertainty regarding future Fed chiefs. Conflicting US economic data fueled market nervousness as investors look to the PCE inflation report for additional policy guidance. • Silver (XAG/USD) drops to about $36.50 following two days of increases. • Market sentiment becomes more bearish following Fed leadership uncertainty as Trump signals Powell replacement. • Fears of the Fed’s independence rise before Trump’s potential announcement by fall. • Iran strongly rejects the revival of nuclear talks with America, adding geopolitical risk. • US Q1 GDP declines by 0.5%, worse than anticipated and supporting dovish expectations. • Unemployed claims drop to a five-week low of 236K, indicating labor market strength. • Durable Goods Orders surge 16.4%, the highest increase in 11 years, easing fears of economic slowdown. Silver prices weakened on Friday even as the overall mood in global markets remained cautious. The fresh uncertainty over the leadership of the US Federal Reserve further weighed on investors’ minds. Comments by President Trump that he might replace existing Fed Chair Jerome Powell have alarmed over the independence and stability of US monetary policy. Markets are awaiting speculation that an announcement with Trump’s choice could be made as early as September or October, adding more uncertainty to the economic outlook. XAG/USD DAILY PRICE CHART SOURCE: TradingView At the same time, geopolitical tensions rose higher as Iran’s Foreign Minister Abbas Araghchi categorically rejected any intentions to restart nuclear talks with the United States. The statement ruled out talks or agreements, marking a resumption of tense relations. Such developments have added to risk-sensitive conditions among traders, who are also processing a mixed bag of US economic data. The softer-than-expected GDP reading is at odds with firmer jobless claims and a jump in durable goods orders, leaving markets nervous in the run-up to today’s PCE inflation figures. TECHNICAL ANALYSIS Silver (XAG/USD) was resisted at recent highs and has been pulled back towards the $36.50 area of support. This level corresponds with a near-term consolidation range, and a solid break below it risks opening the metal up for additional bear pressure. But overall, the trend is still cautiously bullish as long as it is above the 50-day moving average. Momentum indicators such as the RSI are softening from oversold levels, pointing towards a possible pause or adjustment before any fresh move up. Traders will be keeping a close eye on price action near this crucial support level for confirmation of direction. FORECAST If sentiment turns positive in the market, particularly with a dovish inclination from the next PCE inflation report, Silver may regain its traction. Fresh demand for safe-haven assets related to geopolitical unrest or growing fears regarding Fed policy credibility can also provide support for a move back up above the $37.00 level. Further still, if economic fundamentals continue to signal slowing growth, rate cut expectations may fuel further increases in Silver prices. On the negative side, Silver can continue to be at risk if better-than-anticipated PCE numbers add pressure to the Fed to stick to its restrictive policy. Any indication of economic robustness, including persisting strength in labor market reports or durable goods orders, would continue to put pressure on Silver. Breaking through the $36.50 level would likely accelerate selling, with potential lower support around $36.00 or worse in the short term.

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Commodities Silver

Silver Price Forecast: Firm Above $33.00, Poised for Possible Upside Breakout During Bullish Consolidation

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  • June 2, 2025
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Silver (XAG/USD) remains firm above the important $33.00 mark to start the new week, demonstrating signs of bullish consolidation following the recent breakout from a falling channel. Although the current advance is not well supported by momentum, technical analysts are pointing toward a probable breakout to the higher side should silver be able to break resistance around $33.50 and move toward $34.00 and higher. Support is still solid in the $32.70-$32.75 area, with a further decline below $32.00 risking turning the outlook bearish. In all, the setup is positive for bulls to remain optimistic about more gains. KEY LOOKOUTS • Look for dips below this level for possible buying opportunities, with near-term support envisioned at $32.70-$32.75. • This supply level is a significant barrier; a continued breach above it might set the stage for $34.00 and the ytd highs at $34.55-$34.60. • Encouraging but guarded momentum on daily charts implies bullish consolidation but necessitates cautious observation before risking bets on good runs. • A clear breakdown below the 100-day SMA around $32.00 may lead to additional selling pressure, potentially taking prices down to the $31.40 support and changing bias towards bears. The pivotal levels to observe are the essential support around $33.00, where declines might see buying interest, and the robust resistance around $33.50, which should be overcome for silver to target higher towards $34.00 and the year-to-date highs around $34.55. While technical charts on the daily time frames are marginally bullish, momentum is cautious and advises closely watching price action. On the bearish side, a definite breach of the 100-day SMA around $32.00 can trigger higher selling pressure and drive silver down to the $31.40 level of support and turn the near-term bias to the downside. Silver’s major support at $33.00 could draw in buyers, while resistance at $33.50 must be breached for additional advances to $34.00. A breach below the 100-day SMA of about $32.00 would change momentum bearish, boosting risk for additional declines. • Silver remains firm above key $33.00 support at the beginning of the week. • The metal is in a bullish consolidation following a breakout from a falling channel. • Closest immediate resistance is at the $33.50 supply level, which needs to be overcome for more upside. • Breaking $33.50 might pave the way towards $34.00 and the year-to-date high around $34.55-$34.60. • Technicals reflect modest bullish sentiment but without strong conviction, so cautious optimism remains. • Support around $32.70-$32.75 still plays a key role to avoid more downside. •  A strong fall below the 100-day SMA around $32.00 would instigate bearish selling pressure down to $31.40 in favor of bearish traders. Silver is maintaining consistent investor interest as it remains above the $33.00 level at the beginning of the week. The metal continues to find buyers looking for value at the current price, which indicates bullish sentiment towards its short-term direction. Market onlookers are keenly observing, speculating a potential upside move while demand for silver remains supported by general economic fundamentals and safe-haven demand. XAG/USD DAILY PRICE CHART CHART SOURCE: TradingView Looking forward, silver’s prospects seem cautiously optimistic as it faces a consolidation period. Momentum may be moderate, but overall sentiment supports a steady rise as investors balance global economic developments, inflation worries, and industrial demand. The precious metal’s performance in the immediate days ahead will be more than likely determined by market sentiment and extrinsic factors than abrupt dramatic changes. TECHNICAL ANALYSIS Silver is now consolidating above the $33.00 level after breaking from a downtrend channel, suggesting a possible bullish trend. The major resistance level near $33.50 is watched closely, as a breakout above this area would be likely to confirm continued upside momentum toward recent highs of about $34.60. Though indicators on the daily charts reflect weak positive signals, there is a lack of strong momentum, and hence traders need to be cautious. On the flip side, support at $32.70 and the 100-day simple moving average at $32.00 are significant levels to watch, with a breakdown below having the potential to flip the short-term bias to the downside. FORECAST Silver looks set for a possible upside if it is able to hold support above the important resistance price of around $33.50. A clean breakout above this range could set the stage for advances to the $34.00 level and possibly test the year-to-date highs of around $34.55-$34.60. Ongoing buying interest at these levels and favorable technical factors favor additional appreciation, and silver may gain from fresh bullish optimism in the near term. On the negative side, the price of silver is still exposed if it cannot sustain the important support around $33.00. Breaking below this could provide the way for continued falls to the lower support level around $32.70. Most significantly, a clean break below the 100-day moving average at $32.00 could prompt heightened selling pressure, causing prices to fall down to the $31.40 region and possibly changing the near-term trend in the direction of bearish traders. Traders should be mindful of these critical levels of support in order to maintain optimal risk management.

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Commodities Silver

Silver Price Rises to $33 on M&A Spur and Geopolitical Tension Amid Trade Hopes

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  • May 12, 2025
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Silver prices rose to almost $33.00 an ounce, backed by a key takeover in the mining industry and rising geopolitical tensions. Canadian company Pan American Silver’s $2.1 billion acquisition of MAG Silver Corp, which provides access to a valuable shareholding in Mexico’s high-grade Juanicipio mine, lifted investor mood. Meanwhile, geopolitical tensions—such as India’s threat to Pakistan and Broken cease-fire negotiations between Ukraine and Russia—underpinned demand for safe havens. But the upside for silver could be capped as soothing concerns regarding U.S.-China trade tensions ease demand for defensive assets after both nations reported increased progress in talks. KEY LOOKOUTS •  Investors will keep an eye on events surrounding the $2.1 billion Pan American Silver–MAG Silver Corp transaction, especially its effect on production capacity and market concentration. •  Ongoing tensions between India and Pakistan and events in Ukraine may sustain safe-haven demand for silver if tensions escalate further. •  Any trade breakthrough or setback in negotiations between Washington and Beijing may influence investor sentiment and impact demand for risk-averse assets such as silver. •  Market participants will pay close attention to Fed commentary on labor market and inflation conditions, particularly any indication of interest rate cuts or rises, which have a direct impact on silver’s attractiveness. Silver prices are climbing higher, approaching the $33.00 level, on bullish sentiment after Pan American Silver’s $2.1 billion buyout of MAG Silver Corp—providing it with a strategic interest in Mexico’s high-grade Juanicipio mine. This M&A news has brought confidence to the market, while increasing geopolitical tensions, such as India’s warning to Pakistan and faltering Ukraine-Russia ceasefire talks, continue to underpin safe-haven demand. However, silver’s rally may face headwinds amid easing fears around U.S.-China trade relations, as both nations report constructive dialogue. Additionally, cautious signals from the Federal Reserve—highlighting persistent inflation and labor market concerns—may limit the metal’s upside as traders reassess the likelihood of near-term rate cuts. Silver prices have moved up to the vicinity of $33.00 on the back of Pan American Silver’s takeover of MAG Silver worth $2.1 billion and escalating geopolitical tensions. Yet, gains can be limited with growing optimism about U.S.-China trade talks and the Federal Reserve cautioning on rate reductions. •  Silver (XAG/USD) moved to close to $33.00, continuing to extend its rallies for a third consecutive session. •  Pan American Silver said it was paying $2.1 billion to acquire MAG Silver Corp, as investor mood picked up. •  The transaction provides Pan American with access to MAG’s interest in the Mexican Juanicipio Silver mine of 44%. •  Geopolitical risks, such as India’s threat to Pakistan and Ukraine-Russia ceasefire negotiations, underpinned safe-haven demand. •  Safe-haven demand should ease as trade talks between U.S. and China appear to make progress. •  The Federal Reserve is being prudent, citing inflation and labor market risk and excluding preemptive rate cutting. •   Silver’s upside can even be hampered by a change in the overall global economic sentiment. Silver prices are being well supported by recent corporate and geopolitical news. News that Pan American Silver was going to spend $2.1 billion to buy out MAG Silver Corp increased investor confidence in the industry. This transaction not only increases Pan American’s portfolio but also provides it with access to MAG’s 44% interest in the high-grade Juanicipio mine in Mexico, which points to long-term production potential. Such strategic acquisitions tend to represent wider optimism within the industry and support silver’s position in the global commodities universe. XAG/USD DAILY PRICE CHART CHART SOURCE: TradingView Meanwhile, constant geopolitical tensions remain to keep silver in the limelight. India’s warning to Pakistan over recent ceasefire violations, combined with the absence of progress in Ukraine-Russia peace negotiations, has raised market perceptions of global turmoil. These events reinforce silver’s historical position as a sanctuary for value in periods of uncertainty. Although broader economic debate—such as U.S.-China trade negotiations—could sway sentiment, silver remains supported by industrial applicability as well as its historical use in periods of war. TECHNICAL ANALYSIS Silver (XAG/USD) continues with bullish strength as prices are rallying for the third straight session. The metal has been trading merely below the psychologically important level of $33.00, hinting at underlying buying pressure. The level around $31.50 acts as a critical level of support that witnessed past consolidation. A break above $33.00 can lead to more upside towards multi-year highs, or a failure to do so may lead to a short-term correction. Momentum oscillators such as RSI are still high but not yet overbought, suggesting potential for additional upside if positive sentiment continues. FORECAST Silver can continue to move higher if favorable fundamentals and sentiment continue. The recent M&A deal between Pan American Silver and MAG Silver has strengthened confidence in the industry, pointing to future growth and improved supply chains. Geopolitical tensions, especially in South Asia and Eastern Europe, continue to contribute to silver’s status as a safe-haven asset. Also, if inflationary pressures continue to be high and central banks become more cautious in cutting interest rates, silver may receive increased demand from investors as well as industrial consumers. But silver’s rally might encounter resistance in the short term on account of bettering global trade sentiment and macroeconomic conditions. Relaxing tensions between China and the U.S., and improving trade negotiation news, may diminish the pressure for defensive spending such as on silver. Furthermore, the Federal Reserve’s stern approach to inflation and labor market stability means aggressive monetary easing is not likely, which might curb silver’s potential. If hopes for global growth strengthen further, then investors may move to riskier assets, and thus, there could be a pullback in silver prices.

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Commodities Silver

Silver Price Outlook: Bullish Flag Pattern to Facilitate More Upside Past $32.20

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  • May 9, 2025
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Silver (XAG/USD) is trading in a slight positive direction in the mid-$32.00s, with the support of dip-buyers close to the $32.20 mark. A bullish flag pattern formation, along with daily and hourly chart positive momentum from oscillators, hints that silver prices may witness additional gains. Resistance could appear closer to the levels of $33.00 and $33.15, but a break above there could set the way for a drive higher to $33.70 and further on to $34.00. On the bear side, firm support closer to $32.20 might cap any worthwhile corrections, and a break below $32.00 could expose further declines to the $31.50-$31.45 area. KEY LOOKOUTS • The creation of a bullish flag pattern indicates potential for further advances in silver prices, with the direction of least resistance favoring the upside. • The $32.20-$32.25 area is now a support area of significance. A break beneath this could result in a more extended loss, testing the $31.50-$31.45 area. • Silver can encounter selling pressure around the $33.00 round number and the upper edge of the falling channel near $33.15. Breaking above these prices can initiate a move to $33.70 and $34.00. • A breach below the $32.00 level can convert the near-term outlook to bearish, moving towards a stronger correction to the $31.50 area. Silver (XAG/USD) is presently in a moderately bullish trend, backed by solid buying interest around the $32.20 level, which is also consistent with the development of a bullish flag pattern. Although the price is exhibiting positive momentum, investors should observe possible resistance at the $33.00 and $33.15 levels, as these may limit further upward movement. A breakout above these resistance levels would result in a run towards the $33.70 and $34.00 regions. On the other hand, the $32.20 region is the first level of support, and a fall below this level may trigger a bearish momentum, leading to further falls towards the $31.50-$31.45 region. The $32.00 level is crucial to the outlook; a break below this level would strengthen a bearish inclination and may lead to further big losses. Silver (XAG/USD) is still bullish, held by a robust buying interest near $32.20, with possible upside towards $33.00 and $33.15. The critical support is at $32.20, and a fall below $32.00 may trigger a change in trend to bearish, reaching $31.50. • Silver is in the process of creating a bullish flag pattern, indicating possible additional gains. • The $32.20 area is serving as a robust support level, pulling in dip-buyers. • Silver is likely to meet resistance at the $33.00 round figure and $33.15 area. • Breaking above $33.15 is likely to open up further to the upside to $33.70 and $34.00. • A fall below $32.00 is likely to change the bias to bearish, opening up further downside. • If silver breaks below $31.45, bearish momentum is expected to pick up speed. • Oscillators on daily and hourly charts continue to be in positive ground, backing the bullish scenario. Silver recently picked up momentum, drawing buyers near the $32.20 level, which has now turned into a level of support. The sentiment remains bullish, buoyed by increased interest in the precious metal as a safe-haven investment as global markets face continued uncertainty. Consequently, silver has demonstrated a consistent capability of holding its own and sustaining a relatively robust stance, with investors still confident about its prospects as a store of value. XAG/USD DAILY PRICE CHART CHART SOURCE: TradingView This support is reinforced by the overall market atmosphere, with silver still enjoying inflation worries, geopolitical tensions, and other economic fundamentals. As these global factors develop, silver is likely to continue its appeal to investors seeking stability. Although temporary correction might happen, the silver outlook remains upbeat, with its function as a safeguard asset likely to remain in demand in the months ahead. TECHNICAL ANALYSIS Silver (XAG/USD) is presently showing a bullish flag pattern, which indicates potential for additional upward movement. Price has found support in the $32.20 area, which has been a significant level for dip-buyers. Upside momentum is being shown in oscillators on daily and hourly charts, which indicates that the direction of least resistance is to the upside. Resistance levels around $33.00 and $33.15 might be short-term obstacles, but a breach of these levels can open the gates for higher price gains. In case silver plunges below $32.00, however, the bearish trend might reign supreme, ushering in an even larger correction. FORECAST Silver (XAG/USD) presents possibilities of ongoing upward trends with a bullish flag formation active and strong support present at the $32.20 area. If silver is able to overcome resistance levels at $33.00 and $33.15, it may prompt a rally towards the next target levels at $33.70 and $34.00. Positive market momentum, combined with supportive technical signals, indicates that the way ahead remains supportive of further gains, provided that global economic conditions continue to support precious metals as a safe-haven asset. On the downside, silver’s near-term support at $32.20 is important. A decline below this level may reveal additional weakness, possibly driving the price towards the $32.00 level. If silver drops below this level, the bearish situation becomes increasingly probable, with the next significant support area around $31.50-$31.45. A decline below this key area would most likely change the market sentiment to bearish, allowing for further losses. Traders will have to keep a close eye on this level for indications of trend reversal.

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