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Commodities Silver

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

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

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Commodities Silver

Silver Price Forecast: XAG/USD Drops 4% This Week on Strong US Dollar and Market Uncertainty

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  • March 1, 2025
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Silver (XAG/USD) saw a sharp fall of almost 4% this week, falling to $31.13 as the rally in the US Dollar and profit taking weighed on the market. Even as silver tried to remain above $33.00, it saw intense selling pressure, leading to a pullback towards major support levels. The 100-day SMA at $31.20 was violated, leaving the 50-day SMA at $30.89 as the following pivotal level. In case of additional bearish momentum, silver may test the 200-day SMA at $30.47 and the low in January of $29.70. Since the Relative Strength Index (RSI) also indicates increasing bearish momentum, market participants remain vigilant for possible additional losses. KEY LOOKOUTS • Silver is challenging the 50-day SMA level of $30.89; a fall below may expose the 200-day SMA level of $30.47 and $29.70. • Relative Strength Index (RSI) shows increasing selling pressure, pointing towards further downward risk if silver is unable to regain key levels of resistance. • A resilient US Dollar keeps silver prices suppressed, with market sentiment changing with economic uncertainty and possible recession risks. • Should silver stabilize at levels above $31.00 and breach the $33.00 level, buyers could take the upper hand, taking prices towards the resistance at $34.00. Silver (XAG/USD) is pressured following a near 4% weekly decline, with key support levels under focus. The 50-day SMA level of $30.89 is an important level to watch; a breach below here may lead to more losses towards the 200-day SMA level of $30.47 and the January low at $29.70. The risk-off environment and the appreciating US Dollar are driving bearish pressure, as shown by the Relative Strength Index (RSI). Yet, if silver can sustain itself above $31.00 and push through $33.00, a possible reversal to $34.00 may be imminent. Traders need to watch closely for market sentiment and upcoming economic reports for further guidance. Silver (XAG/USD) faces strong selling pressure, dropping nearly 4% weekly as the US Dollar strengthens. Key support at $30.89 remains critical for future price action. • XAG/USD declined nearly 4% as the strengthening US Dollar and profit booking weighed on prices. • The 50-day SMA is a crucial support level; a break below could lead to further declines toward $30.47 and $29.70. • The Relative Strength Index (RSI) warns of building selling pressure, suggesting the potential for prolonged downside movement. • The strong USD remains bearing down on silver prices, with investors shunning the metal and rushing to safe-haven assets due to economic worries. • Should silver stabilize above $31.00 and rise through $33.00, then a bullish move toward $34.00 is feasible. • Coming economic data and risk sentiment will go a long way in dictating the next direction for silver. • Uncertainty in global markets and technical levels indicate that silver’s direction is based on whether buyers will be able to take control. Silver is still a vital asset in the world financial market, which is controlled by economic trends, investor attitude, and wider macroeconomic factors. The precious metal has been considered both an industrial commodity and a store of value for long, making investors seek stability amid economic uncertainties. Inflation trends, central bank actions, and geopolitical events all contribute to silver’s demand significantly. The use of the metal in industries like electronics, solar panels, and medical uses keeps it relevant for purposes other than investment alone. XAG/USD Daily Price Chart Chart Source: TradingView Market trends and investor sentiment globally continue to influence silver’s performance. During economic uncertainties, silver tends to experience added interest as a inflation hedge and currency volatility hedge. On the other hand, its industrial demand depends on economic growth and technological innovation. As the world continues to shift toward energy transition and industrial uses, silver’s function continues to be dynamic, and it is something that investors and manufacturers watch closely. With changing market conditions, the role of silver in investment portfolios and industrial applications is likely to continue. TECHNICAL ANALYSIS Silver points to significant support and resistance levels being keenly monitored by traders. The metal has just seen selling pressure after it could not hold up above $33.00, resulting in a test of lower support levels. The 50-day Simple Moving Average (SMA) at $30.89 is a key level, with a break below opening up further potential downside to the 200-day SMA at $30.47. Relative Strength Index (RSI) suggests increasing bearish momentum, implying that bears are currently dominant. Yet if silver holds higher above $31.00 and bulls turn back up, a possible reversal back to $33.00 and higher may be underway. Traders must monitor price action and major moving averages to determine future trends. FORECAST Silver’s bullish forecast hinges on major factors including renewed investor appetite, US Dollar weakening, and strengthening industrial demand. If silver can stay above the $31.00 level and break above the $33.00 resistance level, it may regain its upward momentum. A breakout above this level could trigger additional buying, driving prices towards $34.00 and beyond. Moreover, if inflation fears return or central banks turn dovish, silver might gain as a hedge against economic uncertainty. Solid demand from the renewable energy and technology industries could also fuel long-term price appreciation. Silver is still at risk of a stronger US Dollar and changing market sentiment on the downside. If prices cannot hold above key levels of support, especially the 50-day SMA of $30.89, additional losses will be possible. A breach through this level will expose silver to more losses, testing the 200-day SMA of $30.47 and potentially the January low of $29.70. Slowing economies or slackening industrial demand will add more pressure to the performance of silver. Further, if risk appetite grows and investors move to equities or other high-yielding assets, silver can face protracted selling pressure.

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