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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 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 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 Forecast: XAG/USD Falters Below $32.50 as US Yields Recover

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  • May 17, 2025
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Silver prices (XAG/USD) concluded the week with a negative bias, falling below $32.50 as US Treasury yields recovered, dampening demand for the metal. Though it consolidated between the 50-day SMA at $32.73 and 100-day SMA at $31.88, XAG/USD could not show a directional bias, and the RSI remained close to neutral. A conclusive break above $33.00 would steer momentum to the advantage of bulls towards $33.50 and possibly $34.51. But a decline below $32.00 would open up the way to lower support levels at $31.65 and the 200-day SMA at $31.23, elevating downside risk in the short term. KEY LOOKOUTS • A break above this level on a sustained basis could generate bullish momentum, paving the way to $33.50 and $34.51. • Holding above this psychological level is essential; a breakdown could fuel bearish pressure. • The 50-day SMA of $32.73 marks the top of the upside, while the 100-day SMA of $31.88 and 200-day SMA of $31.23 offer essential downside support. • The neutral RSI on the 50 level signifies indecision; a move either way could point to the next direction of the trend. Traders must keep a close eye on the $33.00 resistance level, as a break above it may ignite fresh bullish pressure, reaching $33.50 and possibly $34.51. Conversely, it is imperative to hold support at $32.00; a break would reveal important levels at $31.65 and the 200-day SMA at $31.23, indicating increasing bearish pressure. The 50-day and 100-day SMAs at $32.73 and $31.88 remain to establish the ongoing consolidation range. Meanwhile, the RSI close to neutral indicates market indecision, and a decisive directional move could be on the cards. XAG/USD is range-bound between the 50-day SMA at $32.73 and the 100-day SMA at $31.88, and there isn’t a definitive trend. A breach above $33.00 might initiate bullish momentum, while a fall below $32.00 could reveal lower support around $31.23. • XAG/USD languishes below $32.50 on pressure from surging US Treasury yields. •  Price capped by 50-day SMA at $32.73, supported by the 100-day SMA at $31.88. •  RSI is flat at the neutral 50 level, showing no clear direction in the market. •  Break above $33.00 might set the stage for moves to $33.50 and the October high of $34.51. •  Losing above $32.00 might take prices lower to $31.65 and the 200-day SMA of $31.23. • Choppy market conditions continue, with silver consolidating inside a tight band during the last week. • Technical bias still remains neutral, looking for a clear break above resistance or below important support. Silver prices eased at the end of the week, driven mainly by general market sentiment and macroeconomic conditions. The recent bounce in US Treasury yields depressed investors’ demand for non-yielding assets such as silver, helping push it into decline. In spite of persistent geopolitical tensions and inflation issues, the metal did not get any safe-haven flows, indicating market participants are more interested in interest rate directions and dollar moves at this point. XAU/USD DAILY PRICE CHART CHART SOURCE: TradingView Silver’s direction remains heavily influenced by global economic indicators and policy expectations. As market participants weigh future economic data and central bank cues, silver’s mood is still guarded. Although the metal has long-term appeal as an industrial and investment precious metal, short-term patterns are linked to moving macro dynamics and risk appetite in larger financial markets. TECHNICAL ANALYSIS Silver (XAG/USD) is in a consolidation mode, being stuck between the 50-day Simple Moving Average (SMA) of $32.73 and the 100-day SMA of $31.88. The Relative Strength Index (RSI) is steady around the neutral position of 50, indicating no momentum in either direction. A break above or below these major levels can determine the direction of the next trend with $33.00 serving as key resistance and $32.00 as near-term support. Without a breakout, price action can be directed to remain range-bound and choppy. FORECAST Silver (XAG/USD) breaking above the major resistance level of $33.00 may cause a bullish push towards the next targets at $33.50 and $34.00. A prolonged thrust past these levels can cause a test of the October 30 high of $34.51. The bearish momentum would probably be underpinned by new buying interest, particularly if overall market conditions, like softer US yields or a weaker dollar, become favorable to precious metals. Technical charts also may turn to signal bullish orientation, underpinning the rise. Conversely, a fall below the $32.00 level could indicate increasing bearish pressure, sending silver lower toward the 100-day SMA at $31.88 and May 15 low of $31.65. If this support level does not hold, the next significant level to watch would be the 200-day SMA at $31.23, with potential to slide further toward the $31.00 psychological level. Such action would signal a change of heart, perhaps on the back of firmer economic data or sustained advances in US Treasury yields, which have a tendency to weigh upon precious metals.

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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 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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