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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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Commodities Silver

Silver Prices Rally Above $33.00 Amid Trump Tariff Threats and Safe-Haven Buying

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  • May 6, 2025
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Silver prices (XAG/USD) moved above $33.00 per troy ounce, marking gains for the second straight session, as President Donald Trump’s recent tariff threats ignited higher demand for safe-haven assets. Trump’s threat to enforce a 100% tariff on foreign-made films and indications of pharmaceutical tariffs in the weeks to come have contributed to market volatility, prompting investors into precious metals such as silver. In spite of the surging US Dollar in anticipation of the Federal Reserve’s due decision on interest rates, which is expected to remain constant, silver’s upward momentum remains unabated. The recent trade tensions combined with Trump’s pressure on the Federal Reserve for rate cuts have fueled the volatile economic market, further boosting silver’s price rally. KEY LOOKOUTS •  President Trump’s plan to add new tariffs, such as the 100% tariff on foreign-made films and pharmaceutical tariffs, is fueling the rise in demand for safe-haven assets such as silver, which may continue to drive price actions in the near term. •  The strengthening of the US Dollar, particularly in expectation of the Federal Reserve’s next interest rate decision, may cap silver’s upside because a stronger dollar makes the metal less attractive for foreign purchasers. •  Markets are keeping a close eye on the Federal Reserve’s interest rate stance, with expectations that the Fed will leave rates steady. Any suggestions of future rate reductions or dovish comments from Chairman Jerome Powell may affect silver’s attractiveness as a hedge against economic uncertainty. •  Continuing trade tensions, especially with China, and the possibility of new agreements or negotiations that are stuck could lead to further market volatility, affecting demand for silver and other precious metals. Silver prices are showing upward momentum, rising above $33.00 per troy ounce, led mainly by President Donald Trump’s new tariff threats. His intentions to impose a 100% tariff on foreign-made movies and future pharmaceutical tariffs have created worries, prompting investors to go for safe-haven assets such as silver. Nevertheless, the rising US Dollar in anticipation of the Federal Reserve’s decision to hold interest rates steady may curb silver’s upside, with a stronger dollar reducing the attractiveness of the metal for foreign consumers. The market is also watching trade negotiations closely, especially with China, as any news may further impact investor sentiment and silver’s price movement. With all these considerations in mind, silver’s performance continues to be very much linked to global economic uncertainties and US monetary policy changes. Silver prices have surged past $33.00 per ounce on the back of President Trump’s tariff threats, stirring demand for safe-haven currencies. But the appreciation US Dollar and imminent Federal Reserve policy actions may clip further gains, even as persistent trade tensions continue to be a pivotal factor in shaping silver’s direction. • Silver (XAG/USD) has surged past $33.00 per ounce, extending its rally for the second session in a row. • President Trump’s recent announcement of new tariffs, including a 100% tariff on foreign-made films and impending pharmaceutical tariffs, has increased market uncertainty and fueled demand for safe-haven assets such as silver. • The increasing geopolitical risks and trade tensions are pushing investors towards precious metals, particularly silver, as a hedge against market volatility. • The US Dollar is strengthening, which may cap the price of silver since a strong dollar increases the cost of silver for foreign consumers. • Markets are looking towards the Federal Reserve decision on interest rates, with the expectation that the Fed will not raise interest rates but will hold rates steady, while words from Chairman Jerome Powell regarding economic conditions may affect silver prices. •  Persistent trade negotiations, especially with China, are contributing to worldwide uncertainty, with any developments either pushing or holding back silver’s price action. •  In spite of the stronger US Dollar, silver’s bull trend is being sustained by continued market fears over economic stability and possible rate reductions by the Federal Reserve. Silver prices have risen to over $33.00 an ounce as President Donald Trump’s latest tariff threats fueled the metal’s rally. These threats, such as a 100% tariff on imported films and pending pharmaceutical tariffs, have alarmed global markets, leading investors to find shelter in precious metals such as silver. With tensions in trade and geopolitical risks strengthening, silver is perceived as a safe hedge against uncertainty, attracting more attention from investors seeking a solid store of value. XAG/USD DAILY PRICE CHART CHART SOURCE: TradingView The current ambiguity over global trade talks, and especially between China and the United States, has further increased the attractiveness of silver. With President Trump still putting pressure on both the market as well as the Federal Reserve, investors are extremely keen to look for any progress that could mean changes in economic policy. It is this situation that has seen silver pick up a lot of momentum, proving to be a safe haven amid uncertainty. TECHNICAL ANALYSIS Silver prices have demonstrated strong bullish momentum, penetrating the $33.00 resistance level, which has acted as a strong barrier in the past. The recent rally indicates positive sentiment, with major support now located at lower price levels, around $32.00 per ounce. Trending higher is the moving averages, confirming the strength of the advance, and Relative Strength Index (RSI) in a neutral to overbought zone, indicating that silver may continue to enjoy bullish sentiment as long as market conditions are favorable. Any reversal beneath the $32.00 support, however, may portend a pullback, necessitating close observation of market conditions and shifts in sentiment. FORECAST Silver prices may continue to experience upward momentum if the geopolitical situation remains uncertain, especially with continued trade tensions and President Trump’s threats of tariffs. Demand for safe-haven assets such as silver will probably remain robust as investors look for protection against economic uncertainty. Moreover, if the Federal Reserve continues to be dovish or signals future rate cuts, silver may enjoy lower opportunity costs, further increasing its price. Technical indicators like significant uptrend in moving averages and resistance levels higher than $32.00 indicate that silver can go higher in the near term,

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Commodities Silver

Silver Price Forecast: XAG/USD Loses Ground Below $32 as Bearish Momentum Grows

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  • May 1, 2025
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Silver (XAG/USD) remains under intense bear pressure, continuing its recent decline and falling to a multi-week low around the $32.00 level. Although the metal maintains some short-term strength at this psychological support, technical indicators on several timeframes indicate that the path of least resistance is still to the downside. A confirmed violation below the 100-hour Simple Moving Average and continued acceptance under $32.00 might create further falls, with possible goals at $31.70, $31.50, even sub-$31.00 figures. To the upside, support now resides at $32.35, $32.80, and at the $33.00 ceiling, beyond which a bounce would start to upset the bearish bias. KEY LOOKOUTS • A clear breach and acceptance through this psychological price might confirm downside momentum. • Currently at approximately $32.35, this moving average is now serving as immediate resistance and an important short-term pivot point for direction of trend. • Should bear pressure persist, monitor for possible selloffs down toward $31.70, $31.50, and even the 200-day SMA at about $31.00. • A short-covering bounce above $32.80 and the $33.00 handle might unleash the move back to the $33.70 area of resistance. Dealers need to watch closely the $32.00 level, since a break below this psychological support could reinforce the bearish trend and pave the way for additional declines towards $31.70, $31.50, and even sub-$31.00 levels near the 200-day SMA. On the other hand, near-term resistance lies at the 100-hour Simple Moving Average near $32.35, followed by firmer barriers at $32.80 and $33.00. A firm breakout above these levels would initiate a short-covering rally and reverse near-term momentum in favor of bulls, with $33.70 serving as a pivotal upside target. Until such time, the technical picture is skewed to the downside. Silver is still in bearish pressure around the $32.00 level, and a break below this level will be likely to lead to further losses towards $31.50 and lower. The nearest resistance is at $32.35 and $33.00, and only a strong move above $33.70 will be able to change the bias in favor of bulls. • Silver loses for the third consecutive day, reaching a multi-week low around $32.00. • Technical indicators on 4-hour and daily charts are indicating increasing bearish momentum. • A breakdown below the 100-hour SMA (~$32.35) would be a new catalyst for further weakness. •  Support at $31.70, then $31.50 and the 200-day SMA around $31.00. •  Breaking below $32.00 is essential for bears to take firm control. • The first resistance is immediate at $32.35, with subsequent resistances at $32.80 and $33.00. • A breakout above $33.70 would be necessary to negate the bearish bias and turn the bias bullish. Silver continues under pressure as sentiment in the market shifts to a cautious stance with general concerns regarding economic stability as well as changes in investor tastes. The white metal, which tends to be viewed as both an industrial metal and a vehicle of value storage, is struggling through a time of confusion wherein traders are taking a second glance at their positions. Everything from general trends in global monetary policy, inflation expectations, and demand projections for major industrial end-uses is contributing significantly towards shaping silver’s recent behavior. XAG/USD Daily Price Chart Sources: TradingView Investors are also keenly monitoring trends in world manufacturing and technology industries, where silver is significant because of its conductivity and flexibility. Moreover, shifting interest rate expectations and performance of the U.S. dollar are indirectly influencing silver’s attractiveness as an investment. As markets absorb these macroeconomic cues, silver will most likely continue to be in the limelight, with traders striking a balance between long-term fundamentals and short-term sentiment. TECHNICAL ANALYSIS Silver (XAG/USD) is indicating further bearish momentum, with price action remaining muted below important resistance levels. The metal is having trouble staying above the $32.00 level, now a key support level. The indicators on the 4-hour and daily charts, including Relative Strength Index (RSI) and Moving Averages, are trending downwards, indicating sellers still hold the upper hand. If price is unable to recover levels above $32.35 and $33.00 in the short term, the threat of further losses continues to be high, possibly targeting lower support levels in the days to come. FORECAST Silver (XAG/USD) holds ground above the $32.00 level and sees new buying interest, a rebound towards the $32.35 resistance would be the initial indication of short-term bullish pressure. A persistent break above this level can set the stage for additional gains to $32.80 and $33.00, which are significant resistance levels. Should momentum pick up, the next target on the upside could be the $33.70 area, where tighter supply is likely. A breakout above this level can change the overall sentiment in the direction of buyers and could initiate a medium-term bullish trend. On the flip side, if maintaining support at $32.00 fails, that may set up further declines, particularly if price breaks firmly under the 100-hour SMA. In such case, Silver would fall towards $31.70 and subsequently to $31.50, which are short-term supports. More profound correction will ultimately challenge the 200-day SMA in the vicinity of the $31.00 handle. If this crucial level does not hold, the door would be ajar for a sustained fall towards the psychological $30.00 level, affirming the bearish perspective in the near to medium term.

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Commodities Silver

Silver Price Forecast: XAG/USD Falls Below $32, But Dip-Buying Interest Lingers Near Key Support

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  • April 14, 2025
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Silver (XAG/USD) began the week on a down note, falling below the $32.00 level and ending its recent three-day winning streak. In spite of the reversal, the technical configuration indicates limited downside, with solid support anticipated near the $31.30 area, where dip-buyers may re-enter. The metal’s recent rally faced resistance near the 61.8% Fibonacci retracement level, and a decisive move above the 200-period SMA on the 4-hour chart — around $32.55-$32.60 — is needed to confirm a bullish continuation toward the $33.00 and $34.00 targets. Until then, silver remains vulnerable to short-term corrections, though significant downside appears capped for now. KEY LOOKOUTS • This region, on the line of the 50% Fibonacci retracement level, is likely to be attracted to dip-buyers and could provide a sturdy floor against greater declines. • A conclusive breach higher here in the 4-hour time frame will confirm a revival of bearish strength, and the path towards $33.00 and further will lie open. • Further rejection closer to the 61.8% Fibo. level confirms risk-averse trading; though a breach would kindle the next move up to $33.20 and $33.50. • A clean break below $31.00 might stimulate further technical selling, the next potential supports resting at $30.55 and the psychological $30.00 handle. Silver (XAG/USD) starts the week on a downside note, with all eyes being on important technical levels that could dictate its direction next. The $31.30-$31.35 band continues to act as a major support level where buyers would want to step in and cap more losses. On the plus side, the $32.55-$32.60 area, defined by the 200-period Simple Moving Average on the 4-hour chart, is a solid resistance. A firm breakout above it would confirm the uptrend momentum and set up for a rally to $33.00 and, possibly, the March swing high around $34.00. In the meantime, the metal will trade between these two levels, with both buyers and sellers watching out for these key levels to act as the next directional catalyst. Silver (XAG/USD) fell below the $32.00 handle, halting its recent ascent as selling interest resurfaced early this week. Important support is found around $31.30, where dip-buying sentiment may stem further losses. Breaking above $32.60 might unleash new bullish momentum towards $33.00 and higher. •  Silver dips below $32.00 early in the week, breaking a three-session winning streak and falling from near-term highs. •  Bounce is due near the $31.30-$31.35 region, where the 50% Fibonacci retracement mark may draw in dip-buyers. •  Break above the 200-period SMA ($32.55-$32.60) on the 4-hour chart is necessary to validate bull strength and to set the stage for further rallies. •   Resistance is still at the $33.00 psychological level and the $33.20 area (78.6% Fibonacci level), with a crucial barrier at $33.50-$33.55. •   A failure to sustain $31.30 can lead to fresh downside, with the next support targets at $31.00, $30.55, and the $30.00 psychological level. •   Technical indicators are mixed on the daily chart, with caution advised pending clear price confirmation. •   Bulls and bears are stuck between $31.30 and $32.60, with chances of breakout situations determining the short-term trend. Silver started the new week on a weaker note, retreating fractionally after a good performance last week. Despite the latest retreat, overall sentiment in the market for silver remains upbeat, with speculators keeping a close eye on the global economic trend, inflation figures, and demand for safe-haven assets. Silver continues to be a critically important metal not only in jewelry and investment, but increasingly in expanding industrial uses, such as solar panels and electric cars, which supports its long-term attractiveness. XAG/USD DAILY PRICE CHART CHART SOURCE: TradingView This week’s sluggish starts may have less to do with a change in market sentiment than a healthy bout of profit-taking. Most investors still regard silver as a safe asset, particularly in uncertain economic times. While global markets weigh between growth fears and policy shifts, silver’s dual-base of industrial demand and safe-haven value keeps it as an important commodity to monitor in the weeks to come. TECHNICAL ANALYSIS Silver (XAG/USD) is presently going through a significant price area, where buyers and sellers are probing each other’s resilience. The metal recently encountered resistance around the $32.60 area, where the 200-period Simple Moving Average (SMA) on the 4-hour chart, indicating that breaking above this area could spark new bullish momentum. On the negative side, the $31.30-$31.35 region is still a major support area, closely corresponding to the 50% Fibonacci retracement level, where dip-buying interest will be seen. Until silver breaks out of this zone, the price will likely consolidate, with traders waiting for a definitive move above or below these levels to validate the direction of the next trend. FORECAST If silver (XAG/USD) can regain its footing and overcome the $32.55–$32.60 resistance level, it might induce new buying pressure in the market. Breaking above this level would most likely make way for the path towards the $33.00 psychological level with the possibility of further extending gains towards the $33.20 area, which is also at the 78.6% Fibonacci retracement level. If the momentum holds, the rally may continue into the $33.50–$33.55 resistance band and even attempt to reach the $34.00 level, which was the March swing peak. Conversely, if silver does not manage to hold support around $31.30–$31.35, it can attract new selling pressure. Breaking below this region may trigger a more extensive correction towards the $31.00 round number. If bearish momentum gains strength, the price may fall further to challenge the $30.55 support, which is close to the 38.2% Fibonacci retracement level. Sustained weakness may even drag silver down to the $30.00 psychological level and, in a more extreme bearish case, the $29.55 area.

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Commodities Silver

Silver Price Forecast: XAG/USD Stays Firm Around $33 Following US Economic Fears and Fed Policy Expectations

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  • March 24, 2025
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Prices for silver (XAG/USD) are flat around $33.00 due to a softening in the US Dollar and growing fears of a slowdown in the US economy supporting the metal. While the Federal Reserve continues to hold its rate cut forecast of two in the remainder of the year, enhanced risk sentiment and the White House’s new tariff plan may have downward pressure on silver. Market attention is now centered on significant US economic releases and continuing geopolitical events, such as tariff announcements and diplomatic negotiation, which are expected to impact silver’s short-term path. KEY LOOKOUTS • Traders are paying close attention to the US S&P Global Manufacturing PMI reading for March, which might provide new insight into economic strength and affect the US Dollar and price of silver. • The Fed’s determination to maintain its rate cut forecast for 2025 might keep having an impact on silver prices since lower interest rates tend to support non-yielding assets such as silver. • The White House’s updated tariff plan and its possible market effects may push silver volatility, particularly if tariffs affect inflation expectations or international trade sentiment. • Relaxation of geopolitical tensions and continued ceasefire talks in Ukraine might decrease safe-haven demand, adding more pressure on silver prices in the near term. Several key factors that may influence near-term price movements are being monitored closely by silver traders. Future US economic releases, especially the S&P Global Manufacturing PMI for March, will reveal the strength of the US economy and potentially weigh on the US Dollar trend. In the meantime, the Federal Reserve’s pledge to two rate cuts later in the year continues to be a key prop for precious metals since declining interest rates tend to favor non-yielding assets such as silver. Moreover, the White House’s new tariff policy and its implications for inflation and trade balance could influence sentiment. Geopolitically, de-escalating tensions and ceasefire talks in Ukraine can lower safe-haven demand, creating another dimension of complexity in silver prices. Silver prices are still under the limelight as markets watch for significant US economic reports and observe the Fed’s rate reduction outlook. New US tariff plans and decreasing geopolitical tensions can further dictate silver’s short-term path. • Silver (XAG/USD) stabilizes at $33.10 amidst a softer US Dollar and speculations regarding an impending US economic slowdown. • US Dollar Index recedes following a three-day rally, trading lower around 104.10. • Federal Reserve holds two rate cuts later this year on its watchlist, leaving the federal funds rate intact. • Silver prices and market sentiment may be influenced by future US S&P Global Manufacturing PMI figures in March. • White House reworks tariff policy, potentially reducing industry-specific tariffs while adding reciprocal tariffs. • Better risk sentiment could squeeze silver, as investors move out of safe-haven assets. • Geopolitical tensions relax after talks between Ukraine and the US, decreasing precious metal safe-haven demand. Silver continues to be a point of focus in worldwide markets amid ongoing economic uncertainty in the US, which continues to increase. A weak US Dollar on fears of an economic growth slowdown has boosted demand for precious metals such as silver. The Federal Reserve’s move to stand by its expectation of two interest rate reductions later in the year also has a large impact on investor mood, as diminishing interest rates usually drive up demand for non-yielding assets. In addition, shifting trade dynamics under the present administration have introduced another level of complexity into market forecasts, with the White House setting up to make an adjustment in its tariff approach. XAG/USD Daily Price Chart Chart Source: TradingView Apart from economic considerations, geopolitical events are also affecting the overall market sentiment. Recent diplomatic moves between the US and Ukraine indicate a shift towards de-escalating international tensions, which may slowly take away the demand for safe-haven assets like silver. At the same time, the market is watching closely how these policy shifts and international negotiations play out, as they could affect investor sentiment across different asset classes. With a mix of economic policy changes and shifting geopolitical scenarios, silver remains standing as a major asset in uncertain times. TECHNICAL ANALYSIS Silver (XAG/USD) has indicated stabilization around the $33.00 level following recent bear pressure. The metal is trying to form a support base around this region, indicating a possible phase of consolidation before the next shift. If silver holds above this crucial level, it could draw fresh buying interest; however, the traders must also look for resistance areas around prior swing highs. Momentum indicators are conflicting, showing market indecision, while trading volume is fairly moderate, suggesting cautious investor participation. FORECAST Silver could see further upside momentum if the US Dollar continues to weaken and economic worries escalate. A dovish tilt on the part of the Federal Reserve, and potential rate cuts, might underpin silver prices as it increases its attractiveness as a non-yielding asset. Any further jump in geopolitical tensions or increased safe-haven demand may also force silver higher. If market mood turns risk-averse and inflationary pressures become heavier in light of trade policy, silver could gain further as a hedge. Conversely, silver may come under downward pressure if future US economic data indicates resilience, making the US Dollar stronger and decreasing demand for safe-haven assets. Better risk sentiment, fueled by de-escalating geopolitical tensions and the White House’s new tariff approach, can also decrease demand for silver. In addition, if the Federal Reserve postpones or halts its rate cut schedule because of better-than-anticipated economic data, silver prices may find it difficult to sustain higher prices and can shift into a correcting phase.

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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 Shines in Times of Global Uncertainty: XAG/USD Trades Near Five-Month Highs as Geopolitical Tensions Rise

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  • March 17, 2025
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Silver (XAG/USD) remains trading close to a five-month high of $34.00 on high safe-haven demand as global economic uncertainty and geopolitical tensions increase. The latest Middle Eastern conflict, the missile and drone attack by the Houthis on the USS Harry S. Truman aircraft carrier, has boosted investor interest in precious metals. While Silver has experienced minor corrections, it still enjoys good support because of apprehensions over emerging trade wars as well as overall instability. Meanwhile, optimism around potential ceasefire talks between Trump and Putin for an end to the Ukraine conflict would limit further bullishness. Still, market operators are also watching for crucial decisions from key central banks this week, notably the US Federal Reserve’s policy projections, which will determine Silver’s next direction of movement. KEY LOOKOUTS • Continued Middle East tensions, particularly the Houthis’ attack, remain to enhance Silver’s safe-haven status, underpinning prices at multi-month highs. • Speculation of a possible Trump-Putin meeting on a Ukraine ceasefire would ease global uncertainty and cap Silver’s near-term upside momentum. • Market participants look forward to significant central bank gatherings, particularly the US Fed’s interest rate decision, which would sharply influence Silver’s near-term price direction. • Rising trade tensions and tariff wars between the US and key partners could boost market volatility, benefiting safe-haven assets such as Silver. Silver prices are in the spotlight with the metal trading at almost a five-month peak, underpinned by robust safe-haven demand as geopolitics heat up and global economic uncertainty increases. Recent Houthi attacks on the USS Harry S. Truman aircraft carrier have served to increase investor risk aversion, again spurring demand for precious metals. But future ceasefire negotiations between Trump and Putin over the Ukraine war could soften risk appetite and limit Silver’s upside potential. Investors are also keenly observing major central bank announcements this week, particularly the US Federal Reserve’s policy stance, which could be instrumental in deciding Silver’s next direction. Silver is trading close to a five-month high at $34.00, driven by safe-haven buying on the back of rising Middle East tensions and global uncertainties. But potential Trump-Putin ceasefire talks and future central bank actions could dictate Silver’s next direction. • Silver price trades close to $34.00, holding near its five-month high on strong safe-haven demand. • Geopolitical risk increases as the Houthis take responsibility for a bombing of the USS Harry S. Truman aircraft carrier in the Red Sea. • Safe-haven demand intensifies, with investors fleeing to precious metals amid growing global uncertainty and conflict. • US threatens more strikes on Houthis, as the Iran-supported group promises additional retaliation, boosting market risk sentiment. • Trump-Putin ceasefire negotiations anticipated, potentially calming tensions in Ukraine and topping further upside for Silver prices. • Market participants look forward to major central bank meetings, particularly the US Federal Reserve interest rate decision, which may affect Silver’s trajectory. • Trade war fears rise, with tariff tit-for-tat between the US and its key trading partners underpinning Silver’s defensive allure. Silver remains a powerful investor draw as global uncertainties increase, beyond the usual concerns over inflation or interest rates. The latest attack on the USS Harry S. Truman aircraft carrier by Iran-backed Houthi forces has heightened fears in the Middle East, driving investors to safe-haven assets such as Silver. The United States has acted strongly, threatening to take further action against the Houthis, and the group has threatened further attacks, further increasing global concern. In times of such uncertainty, Silver is still a safer option for those looking for stability in the face of geopolitical tensions and increasing global threats. XAG/USD Daily Price Chart Chart Source: TradingView Concurrently, political changes around the world are influencing market mood. Hopes for a possible ceasefire in Ukraine have risen as former US President Donald Trump and Russian President Vladimir Putin are set to sit down for talks. Any developments in the negotiations could change the global risk perception and investment patterns. Furthermore, the prevailing issues of trade tensions and economic policy also add to the uncertain atmosphere. While the world waits for central bank rates decisions and major political events, Silver remains robust, still representative of the market’s call for protection and safety. TECHNICAL ANALYSIS Silver (XAG/USD) continues to be well-supported just shy of its five-month high at $34.00, indicative of strong bullish pressure. While small pullbacks have been seen, the trend structure is positive so long as the price remains above pivotal support areas. A persistent trend of higher highs and higher lows reflects ongoing buying interest, and any consolidation at current levels could act as a base for the next possible upward move. Traders will be closely observing a breakout above recent resistance, which would potentially open the way for further advances, while a fall below immediate support could initiate short-term corrections. FORECAST Silver could see further gains if geopolitical tensions continue to rise, particularly in the Middle East. Prolonged conflicts, like the recent Houthi raids and threats of counterattacks, are likely to maintain safe-haven demand strong. And if global trade war fears intensify or economic uncertainty grows, investors are likely to seek more recourse to Silver as a hedge, potentially driving prices above the recent five-month peak. A positive change of investor sentiment or dovish words from central banks, especially the US Federal Reserve, can also help a new upsurge in Silver prices. Alternatively, Silver’s advance may be opposed by a reduction in global tensions. Any good news from the expected ceasefire negotiations between Trump and Putin over the conflict in Ukraine can dampen safe-haven demand, potentially dropping Silver prices. In addition, if central banks, particularly the Federal Reserve, become more hawkish or if economic signals tend towards stability, then this could divert investor attention back towards riskier assets, and Silver may correct lower. A fall below crucial support levels may initiate additional profit-taking and increase short-term selling pressure.

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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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