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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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Commodities Silver

Silver Price Forecast: XAG/USD Remains Steady at $31.50 as Rising Trade War Uncertainty Takes Grip

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  • March 4, 2025
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Silver (XAG/USD) remains steady at $31.50, supported by safe-haven buying as world trade tensions grow. The White House announced President Trump signed the order increasing the tariffs on imports from China to 20%, and Canada replied with retaliatory 25% tariffs on imports from the United States. China has also pledged countermeasures, further pushing market uncertainty. Mixed U.S. economic reports, such as a modest fall in ISM Manufacturing PMI but a better-than-expected S&P Global Manufacturing PMI, contribute to the market’s conservative sentiment. Investors are now eyeing future U.S. employment reports, which may affect the Federal Reserve’s next monetary policy action. KEY LOOKOUTS • Increasing U.S.-China trade tensions and Canada’s retaliatory tariffs may fuel safe-haven demand, affecting silver prices in the short term. • Investors look for U.S. employment figures, such as the ADP and Nonfarm Payrolls, to gauge possible Fed interest rate actions. • Indecisive U.S. manufacturing reports create economic uncertainty, making future releases pivotal in influencing silver price directions and investor attitude. • China’s commitment to countermeasures against U.S. tariffs will introduce volatility, keeping silver an attractive hedge against economic uncertainty. Silver prices are underpinned above $31.50 as rising tensions in trade among the U.S., China, and Canada spur safe-haven buying. The move by President Trump to hike tariffs on imports from China to 20% has prompted countermeasures, with Canada saying it will slap a 25% tariff on U.S. products and China promising countermeasures. In the meantime, conflicting U.S. factory data contributes to market uncertainty, keeping investors on guard before the important employment reports, such as the ADP and Nonfarm Payrolls. These economic releases will be critical in determining the Federal Reserve’s monetary policy outlook, which will have an impact on silver’s direction in the next sessions. Silver prices hold firm above $31.50 as mounting trade tensions drive safe-haven demand. Tariffs on China by the U.S. and Canadian retaliatory actions introduce uncertainty, while future U.S. jobs reports may determine the Federal Reserve’s policy and silver’s price action. • Silver holds firm above $31.50 as investors flee to safe havens amidst growing global trade tensions. • Trump’s 20% levy on Chinese imports has induced China to pledge countermeasures, introducing market uncertainty. • Canada intends to place a 25% tariff on imports from the U.S. totaling C$30 billion should U.S. tariffs be imposed. • Heightening trade tensions contribute to volatility, and thus silver is becoming an appealing hedge against economic turbulence. • Though ISM Manufacturing PMI weakened, S&P Global’s final February PMI topped forecasts, heightening uncertainty. • ADP and Nonfarm Payrolls are awaited for hints at potential Fed interest rate action. • Silver’s path will be contingent on developments in trade tensions and important economic indicators impacting investor sentiment. Silver remains strong in demand as global trade tensions intensify, further solidifying its position as a safe-haven asset of choice. With the U.S. imposing additional tariffs on Chinese goods and Canada announcing retaliatory actions, investors are looking to silver more than ever as a hedge against economic uncertainty. The constant trade wars are not only affecting diplomatic relations but also creating supply chain and global economic stability fears. Silver is thus still a safe haven for investors looking for stability in times of uncertainty. XAG/USD Daily Price Chart Chart Source: TradingView Outside of trade policy, economic statistics and geopolitical uncertainty have a significant influence on sentiment in the market. The U.S. employment figures are under close watch by investors, as the direction of labor market trends tends to inform overall economic decisions. China’s willingness to pursue countermeasures to U.S. tariffs provides another source of uncertainty. Against this backdrop, silver’s function as a store of value is increasingly prominent, further solidifying its status as a preferred asset during times of uncertainty. TECHNICAL ANALYSIS Silver (XAG/USD) is holding steady above $31.50, with good support at this price as buyers remain in control. The price is holding above important moving averages, a sign of continued bullish pressure. The Relative Strength Index (RSI) is still close to neutral levels, indicating scope for additional gains without underlying overbought levels. Also, silver is probing a resistance area near $31.70, and a strong breakout above this level can pave the way for additional advances. But if it fails to maintain current support levels, it can lead to a consolidation period before the next direction. Price action is closely monitored by traders for confirmation of the next direction. FORECAST Silver prices may extend the upside further if global trade tensions continue to mount, forcing investors into safe-haven assets. A convincing breakout above the $31.70 resistance level can lead to further advances, which can even challenge the $32.00 mark in the near term. If coming U.S. economic reports, such as the ADP and Nonfarm Payrolls, point to economic weakness, hopes of a more dovish Federal Reserve will further lend support to silver prices. Further, any other retaliatory Chinese or Canadian trade action will increase uncertainty, lending more bullish value to silver. Downside risk will come if trade tensions lessen or economic data hints at a strong U.S. labor market, causing selling in silver due to improving risk appetite. A dip below the key support at $31.50 may initiate a correction, potentially driving prices towards the $31.20 or even $31.00 levels. Moreover, a firmer U.S. dollar and higher Treasury yields may pressure silver, as investors redirect attention towards interest-bearing assets. In the short term, silver’s direction will be influenced by geopolitical events and economic indicators that influence market sentiment.

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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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Commodities Silver

Silver Price Outlook: XAG/USD Finds Support Below Mid-$32.00s on Mixed Technical Indications

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  • February 25, 2025
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Silver (XAG/USD) is trading with a bullish bias below the mid-$32.00s, ending a two-day losing streak as it finds modest support. While recent buying interest has been evident, technical indicators are pointing towards mixed signals, and caution is advised for bulls. A break above $33.00 on a sustained basis could propel further gains towards $34.00 and higher, while solid support is seen around the $32.00-$31.75 area. Any corrective slide could be considered as a buying opportunity, although a firm fall below the 100-day SMA level of $31.25 may change momentum into the hands of bearish investors, which might pull silver to the $30.00 psychological level. KEY LOOKOUTS • Silver requires consistent support above $33.00 in order to assure bullish momentum, which might challenge $34.00 and the multi-year high around $35.00. • The $32.00-$31.75 region provides solid support, and any fall is likely to find buyers, capping losses for XAG/USD. • A firm break below may turn sentiment bearish, leaving the way open for further losses towards the $30.00 psychological level. • Oscillators indicate caution, and it is best for traders to wait for confirmation before taking a position for a prolonged move in either direction. Silver (XAG/USD) is trading with a bullish bias but has some major technical barriers, especially around the $33.00 resistance level, which needs to be broken for extended bullish momentum. Support is strong around the $32.00-$31.75 area, where buying interest could cap downside risks. A fall below the 100-day SMA at $31.25, however, could shift the bias in favor of bearish traders, possibly taking silver down to the $30.00 psychological level. With conflicting technical indicators on the daily chart, the traders need to be cautious and await clear indication before positioning for the next big move. Silver (XAG/USD) is trading bullish but is met with resistance at $33.00, requiring a breakout for additional gains. Robust support at $32.00 constrains downside risk, while a breakdown below $31.25 has the potential to turn momentum bearish. Conflicting technical indications mean traders need to wait for confirmation before taking firm positions. • Silver picks up momentum below mid-$32.00s, ending a two-day losing streak with slight buying demand. • A critical resistance at $33.00, where a breakout is required to validate bullish interest towards $34.00 and $35.00. • Initial support at $32.00-$31.75, where buying demand may cap bearish movements. • 100-day SMA at $31.25 acts as a crucial pivot point, with a fall below indicating a bearish trend. • Possible negative to $30.00 if silver cannot hold support and breaks important levels. • Divergent technical indicators on the daily chart indicate caution for traders prior to entering a clear direction. • Short-term corrective drops can be considered as opportunities to buy unless major support levels are broken. Silver remains to be of interest as a valuable commodity, supported by its industrial and investment demand. Trusted for its flexibility, silver finds extensive application in electronics, solar panels, and medical devices, and hence is an integral component in many industries. Investors also identify silver as a safe haven asset, particularly at times of economic instability, due to its inherent value and acting as a hedge against inflation. Given its dual use—as an industrial metal and as a store of value—silver continues to be a desirable choice for traders and long-term investors. XAU/USD Daily Price Chart TradingView Prepared by ELLYANA In addition to its market value, silver has served a historical function in currency and wealth storage. It has been utilized in coinage for centuries and is still a top pick among bullion investors. Increasing consumption in the solar panel manufacturing, in the field of renewable energy, further intensifies its long-term prospects. With the constant advancement of world industries, silver is likely to be increasingly in demand, reemphasizing its role as an essential metal in economic growth as well as technological progress. TECHNICAL ANALYSIS Silver (XAG/USD) portrays a mixed setup, and cautious approach should be followed by the traders before pursuing a directional momentum. The failure to maintain gains over the $33.00 resistance level on multiple occasions indicates a likely consolidation period, and critical support around $32.00-$31.75 has prevented the downside movements from going further. A decisive cross of the $33.00 level might reignite bullish interest, taking prices to even higher resistance levels. On the contrary, a fall below the 100-day SMA at $31.25 can be an indication of a bearish turn, causing more deeper corrections. With oscillators reflecting indecisiveness, traders should wait for confirmation before positioning for the next major trend. FORECAST Silver has the potential to extend its gains if it manages to break above the crucial $33.00 resistance level. A sustained move beyond this mark could strengthen bullish momentum, leading to a test of the $34.00 level and possibly even the multi-year peak near $35.00. Strong demand from industrial and investment sectors, along with inflation concerns, could provide additional support for silver prices. If bullish momentum continues, silver may see further upside, supported by favorable market conditions and growing interest in precious metals as a hedge against economic uncertainty. If silver cannot hold ground in the vicinity of the $32.00-$31.75 zone, it might be subjected to rising selling pressure. A dip below the 100-day SMA of $31.25 can flip market sentiment bearish, and that would set the stage for a drop to the $30.00 psychological mark. Additional downside threats lurk if worldwide economic prospects soften, hurting industrial demand for silver. If bear momentum quickens, the metal might tumble into the $29.50-$29.00 region, where there is strong historical support.

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Commodities Silver

Silver Price Outlook: XAG/USD Falls Below $33.00 as Bullish Momentum Fades

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  • February 22, 2025
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The price of silver has fallen in recent times, with sentiment in the market indicating caution as the price is unable to break above major levels despite attempts by buyers. While bullish momentum fades, there is still hope for a rebound, subject to the broader economic environment, such as US yields and investor sentiment. The valuable metal remains under close scrutiny by market players as its behavior is still linked to changing variables beyond mere trends in price-action. While uncertainties still persist, the future of silver hangs in the balance of larger macroeconomic trends that may influence demand and investor tactics in the immediate future. KEY LOOKOUTS • XAG/USD needs to overcome the $33.20 resistance to affirm a reversal, with failure to stay above $33.00 potentially pointing towards more downward pressure. • A fall beneath the important $32.00 support level may set off more losses, with the 100-day SMA at $31.12 being a crucial buffer. • The RSI indicates contradictory signs, revealing the loss of bullish strength; should the decline continue, it would be able to generate prolonged pressure on silver prices. • Steadily rising US yields and decreasing market momentum indicate that technical resistance around $33.39 would become an obstacle to any future upside move in case buying interest wavers. XAG/USD needs to breach the $33.20 resistance level to validate a bullish reversal, as not being able to hold above $33.00 might indicate further bearish momentum. A drop below the crucial $32.00 support might lead to further losses, with the 100-day SMA at $31.12 acting as a crucial safety net. The RSI indicates conflicting signals, with diminishing bullish strength; if the downtrend persists, it could result in prolonged pressure on silver’s price. Elevating US yields and sagging market momentum imply that technical resistance around $33.39 might become an obstacle for any subsequent uptrend if buyer enthusiasm declines. XAG/USD has to penetrate the $33.20 hurdle to confirm a reversal in favour of bulls, whereas dropping below the $32.00 level may instigate more selling pressure. Mixed indications from the RSI and surging US yields reflect continuing headwinds to silver’s upswing. • Silver declined 1.20% to $32.54 after unable to sustain the pivotal $33.00 level. • The RSI shows conflicting signals, with positive signs being balanced by a declining slope. • Breaking the $33.20 resistance is essential for a continuation of the bullish trend. • Further resistance is seen at $33.39, which may lead the way to $34.00 if broken. • A fall below the $32.00 support could initiate further bear pressure. • The 100-day SMA at $31.12, then the 50-day and 200-day SMAs, serve as major support levels. • Dipping US yields have helped induce a risk-averse market mood, affecting the performance of silver. The silver price (XAG/USD) has declined 1.20%, dropping back to $32.54 after unable to remain above the significant $33.00 threshold. The dissipation of bullish strength, as signified by the RSI, indicates ambiguous momentum. Recent sessions have had silver settle around $32.54, a demonstration of tepid sentiment adjustment in the marketplace. In spite of positive moves for U.S. Treasury yields, investor sentiment was seemingly tempered, and silver didn’t take complete advantage of the favorable activity across the wider financial markets. XAG/USD Daily Price Chart Chart Source: TradingView In the future, market participants are all about the general economic climate as the main source of inspiration for silver’s upcoming performance. Experts closely follow worldwide economic indicators and overall market trends, implying that the revival of investor sentiment can become a deciding factor in the direction of the metal’s outlook for the next few weeks. TECHNICAL ANALYSIS Silver’s recent price action indicates a bearish perspective. The metal has fallen back to $32.54 after it could not hold above the pivotal $33.00 mark, with the Relative Strength Index (RSI) sending mixed messages—a positive reading balanced against a declining momentum trend. Traders are keenly watching a resistance level at $33.20, where breaking through may revive the bull trend, and support close to the 100-day Simple Moving Average at $31.12 remains important if the price keeps falling. FORECAST If silver is able to regain its momentum, a sustained break above the $33.20 resistance level would indicate the beginning of a new bullish trend. This break could set the stage for the metal to move towards higher levels, including the $33.39 level and even challenge the $34.00 level. Such a rising trend would most probably be cushioned by a change in investor attitude and positive economic indicators, prompting buyers to intervene and force the price upwards. Silver remains exposed to further declines if it cannot maintain its current support levels. A slip below the $32.00 threshold could trigger additional selling pressure, with the 100-day SMA near $31.12 providing a critical support zone. In this scenario, persistent weakness in market sentiment combined with ongoing economic uncertainties could lead to a deeper retracement, necessitating careful monitoring of price action and key technical indicators for signs of stabilization.

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Commodities Silver

Silver Price Forecast: XAG/USD Remains Bullish Above $32.50 Due to Market Uncertainty

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  • February 19, 2025
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Silver (XAG/USD) remains bullish above $32.50, bolstered by the 100-day Exponential Moving Average (EMA) and a robust 14-day Relative Strength Index (RSI) above 66.30. Even though it slipped lower to $32.75 during the Asian session, the white metal’s downside seems capped due to policy uncertainties, such as possible tariff issues under the Trump administration. The important resistance area is at $33.30-$33.40, with the breakout capable of taking prices towards $34.55 and $34.87. To the downside, key support comes at $31.79, and an important level of contention comes at $31.00-$30.90, the level of 100-day EMA. Falling below this can push silver down towards $29.70. The FOMC Minutes are on market players’ radar for the next lead. KEY LOOKOUTS • Silver is met with instant resistance at $33.30-$33.40; a breach above this can lead prices to $34.55 and $34.87. • The initial support on the downside is at $31.79, with a key contention area at $31.00-$30.90; a breach here can drive prices to $29.70. • The 100-day EMA underpins silver’s uptrend, while the 14-day RSI at 66.30 indicates further advances in the near term. • Policy risks, such as possible tariffs under the Trump presidency, and the release of the FOMC Minutes will affect silver price volatility and movement. Silver (XAG/USD) is still in a bullish region above $32.50, aided by the 100-day EMA and a healthy RSI reading of 66.30. The near resistance is at $33.30-$33.40, and a breakout may push prices towards $34.55 and $34.87. On the negative side, support is initially at $31.79, and a break below the $31.00-$30.90 range would expose the market to more losses towards $29.70. Policy uncertainties, such as possible tariffs during the Trump administration, are affecting market sentiment, with traders looking for the FOMC Minutes for more hints on future price direction. Silver (XAG/USD) remains bullish above $32.50, underpinned by the 100-day EMA and robust RSI strength. Levels of resistance stand at $33.30-$33.40, and the level of support is $31.79. Market attention centers on policy unknowns and Wednesday’s FOMC Minutes for further guidance. • Silver (XAG/USD) continues to be positive above $32.50, underpinned by the 100-day EMA and good RSI value of 66.30. • The initial major resistance levels are at $33.30-$33.40, followed by additional target levels of $34.55 and $34.87 based on ongoing buying pressure. • Initial support levels are at $31.79, followed by a critical bearish barrier around $31.00-$30.90; a fall may take prices down to $29.70. • The price remains above the 100-day EMA, and the RSI indicates a bull run in favor of a further increase in silver. • Policy risks, such as the possibility of future tariff moves by Trump’s government, may affect silver’s movement. • Traders wait for the Federal Reserve’s FOMC Minutes for clues about forthcoming monetary policy and possible price action. • A change in world economic mood or surprise policy signals may result in sudden movements in silver prices. Silver (XAG/USD) remains market focus as a favored asset amidst changing economic realities and world uncertainties. Its consumption is fueled by both industrial and investment markets, making it one of the commodity market’s market movers. It finds extensive usage in electronics, solar panels, and medical procedures, which drive its long-term growth prospects. Its historical use as a safe-haven commodity also adds to its attractiveness at periods of economic downturn, as investors seek its services for diversifying their portfolios and preserving their wealth. XAG/USD Daily Price Chart TradingView Prepared by ELLYANA Silver’s price action in the market is influenced by global economic trends, monetary policy, and geopolitical events. Its demand is determined by inflation, interest rate decisions, and currency movements. Additionally, central bank policies and changes in industrial consumption still affect its valuation. With governments and industry placing emphasis on sustainable and technological developments, the use of silver in green energy technologies and electronics is likely to increase, making it even more important in the long term to the global economy. TECHNICAL ANALYSIS Silver (XAG/USD) has a positive technical bias, staying above the 100-day Exponential Moving Average (EMA), which provides solid support at $31.00-$30.90. The 14-day Relative Strength Index (RSI) is at 66.30, showing continuous buying pressure without reaching overbought levels. The Bollinger Bands indicate price consolidation with resistance at $33.30-$33.40, which coincides with the upper band. A successful breakout above this level can take silver to $34.55 and $34.87. On the lower side, the major support levels are at $31.79 and $31.00, with a break below potentially taking the price lower to $29.70. The overall outlook is still bullish as long as silver trades above the 100-day EMA, with investors looking to upcoming macroeconomic announcements to confirm. FORECAST Silver (XAG/USD) has a positive outlook, with positive momentum boosted by solid technicals and macroeconomic conditions. If silver can hold above the critical $32.50 level, the next level of resistance is at $33.30-$33.40. A break above this level would push prices towards $34.55, a last-seen price in October 2024, and further to $34.87. Increased investor demand on the back of inflation hedging and safe-haven buying can further propel silver’s rally. Also, increased industrial consumption, especially in solar energy and electronics, contributes to its long-term potential. If world economic circumstances are conducive to commodities, silver may witness stronger demand, moving prices upward over the next couple of weeks. To the negative side, silver has strong support at $31.79 and more substantial backing in the area of $31.00-$30.90. A slip below here can set the alarm bells ringing and induce more weakness, with the next important objective at $29.70. Market uncertainties surrounding changing Federal Reserve policies and the altering risk tone can exert downward pressure on silver. If interest rates continue to be high or rise further, non-yielding assets such as silver can come under selling pressure. Any fall in industrial demand or economic slowdowns in major markets such as China and the U.S. can also put pressure on prices. A break below key support levels can trigger bearish momentum, resulting in further corrections in the near term.

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Commodities Silver

Silver Price Prediction: XAG/USD Continues to Gain with Bullish Momentum, Targets $33.10 Resistance

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  • February 17, 2025
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Silver (XAG/USD) maintains its bullish momentum, trading at around $32.40 after bouncing off the nine-day EMA at $32.08. The daily chart technical analysis indicates a strong bullish inclination, with the price trending in an upward channel. Solid short-term momentum is indicated by the metal’s status above the nine-day and 14-day EMAs and the 14-day RSI remaining above 50. Main levels of resistance are at $33.10 and the four-month high of $33.40, with support at $32.08, $31.85, and $31.60. Breaking below these points could turn the outlook bearish, sending silver lower to the five-month low of $28.74.  KEY LOOKOUTS • Silver is tested by serious resistance at $33.10, the top of the rising channel, with additional upside potential to $33.40. • The nine-day EMA at $32.08 provides early support, with a breakdown below potentially revealing additional downside to $31.85 and $31.60. • Silver is above the nine-day and 14-day EMAs, with the 14-day RSI above 50, providing additional evidence of short-term bullish pressure. • A break decisively above $33.10 might encourage additional gains, with a fall beneath $31.60 potentially shifting sentiment bearish towards December’s five-month low at $28.74. Silver (XAG/USD) continues in bullish mode, trading around $32.40 as it holds above important levels of support such as the nine-day EMA at $32.08. The price remains within an up-sloping channel, the resistance being $33.10 and the additional upside target $33.40. Technical factors, including the 14-day RSI remaining above 50 and the price above the nine-day and 14-day EMAs, indicate ongoing strength. A breakdown below $31.60 would, however, undermine the positive outlook, opening silver to further losses to the five-month low set in December at $28.74. The major levels to monitor are these. Silver (XAG/USD) is trading close to $32.40, holding bullish sentiment above significant support levels. A move above $33.10 could indicate further advances, and a fall below $31.60 could break the trend. • Silver is trading close to $32.40, holding a bullish sentiment in an upward channel. • The next resistance is at $33.10, and a breakout could push prices to $33.40. • First support is at $32.08 (nine-day EMA), followed by $31.85 and $31.60. • Silver is above the nine-day and 14-day EMAs, with the 14-day RSI at more than 50, showing strong momentum. • A breakout above $33.10 could propel further advances, while a breakdown below $31.60 might turn sentiment bearish. • If silver breaks below $31.60, it could test the December low of $28.74. • Traders need to watch price action around key levels to gauge future direction and possible breakout opportunities. Silver (XAG/USD) continues to remain in its bull trend, being above major moving averages and trending within an increasing channel. It is currently priced above the nine-day and 14-day Exponential Moving Averages (EMAs), meaning it has great short-term momentum. The 14-day Relative Strength Index (RSI) is still above the 50 level, showing consistent buying momentum. Resistance appears at $33.10, which sits on the upper edge of the rising channel, then there is a major breakout level at $33.40, its four-month high. If silver manages to break through these resistance points, it may set the stage for additional advances in the sessions ahead.  XAG/USD Daily Price Chart TradingView Prepared by ELLYANA On the negative side, the immediate support is at $32.08 (nine-day EMA), then $31.85 (14-day EMA) and the lower limit of the rising channel at $31.60. A fall below this key area can undermine the bullish scenario, setting the stage for a more extensive retracement towards $28.74, the five-month low of December. But as long as silver stays in the rising channel and above crucial EMAs, the overall trend is still positive. Traders need to keep a close eye on price action around these crucial technical levels to gauge possible breakouts or reversals in the next sessions. TECHNICAL ANALYSIS Silver (XAG/USD) still shows strong bullish momentum, aided by key technical indicators. The price is still above the nine-day and 14-day Exponential Moving Averages (EMAs), solidifying the rising trend. The 14-day Relative Strength Index (RSI) remains above the 50 mark, suggesting continuous buying pressure. Silver is in an upward channel, with resistance at $33.10 and a breakout level at $33.40. On the downside, immediate support is at $32.08 (nine-day EMA), then at $31.85 (14-day EMA) and $31.60 (channel support). A drop below this level would invalidate the bullish contention, leaving silver vulnerable to further losses towards $28.74, the December low.  FORECAST Silver (XAG/USD) is still in a robust bullish trend, with the metal trading above significant technical levels. The metal’s ability to break above the immediate resistance of $33.10 could set the stage for further gains towards the four-month high of $33.40. A continued break over this level can initiate further buying pressure, leading silver to $34.00 and higher. This bullish view is further supported by the price remaining above the nine-day and 14-day Exponential Moving Averages (EMAs), and the 14-day Relative Strength Index (RSI) still above 50. As long as silver trades within the rising channel, there is every reason for the upward momentum to continue, with fresh highs expected if market sentiment continues to remain bullish. Even with silver’s robust bullish momentum, risks of a decline are present if key support levels are breached. The initial key support is at $32.08 (nine-day EMA), then $31.85 (14-day EMA) and the lower edge of the rising channel at $31.60. A breach below this key area may undermine the bullish setup and lead to further falls. If silver dips below $31.60, it could come under selling pressure, leaving the price vulnerable to further corrections towards $30.50 and possibly the five-month low of $28.74 in December. Volatility in the market, changes in investor sentiment, or surprise economic data releases may trigger downward movements. Traders must be on their guard and watch these support levels closely for trend reversals.

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