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Commodities Silver

Silver Soars to 13-Year High on Increasing Industrial Demand and Geopolitical Hopes

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  • June 7, 2025
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Silver has soared to a 13-year high at $36.00 an ounce on strong gains in industrial demand, coupled with its usual safe-haven allure. Though US-China trade tensions eased slightly, somewhat diluting silver’s safe-haven status, better Eurozone and North American economic data fueled optimism for industrial expansion. The decline in the gold/silver ratio further reflects a market turn in favor of silver’s industrial applications, backed by favorable geopolitical trends and expanding trade cooperation, fueling silver’s strong weekly advances of 9%. KEY LOOKOUTS • Observe the way continuous technological innovations and expanding industrial application continue to propel silver prices upward. • Note trade negotiations developments since any deterioration or improvement could affect silver’s safe-haven status and demand. • Monitor future GDP, employment, and retail sales data from leading economies, which drive investor sentiment and industrial demand. • Monitor the gold/silver ratio for indications of reversing market sentiment between risk-off and risk-on, which influences silver’s price behavior. Silver’s dramatic surge to a 13-year high is a result of a distinct set of factors driving its demand. Although historically valued as a safe-haven commodity during times of economic instability, silver’s industrial uses—ranging from electronics to solar power—are now influencing its price more and more. Positive recent geopolitical news, including enhanced US-China trade negotiations and healthier economic reports out of Europe and North America, has improved market sentiment. This change has reduced silver’s safe-haven pull but enhanced its industrial demand, driving it higher. The shrinking gold/silver ratio further confirms this trend, indicating a market regime conducive to silver’s dual status as both an industrial metal and a strategic investment. Silver has reached a 13-year high on the back of robust industrial demand and favorable geopolitical trends. Rising trade relations and strong economic data are increasing confidence levels, while the declining gold/silver ratio illustrates silver’s increasing attractiveness beyond a safe-haven asset. • Silver prices have hit $36.00 per ounce, the highest since February 2012. • Industrial demand is driving silver forward, complementing its classic safe-haven pull. • Rising US-China trade tensions fueled silver’s safe-haven status initially. • Recent favorable news on US-China trade negotiations has turned the spotlight to industrial demand. • Stronger-than-anticipated economic data from the Eurozone, US, and Canada underpin silver’s price increase. • The gold/silver ratio has fallen, which indicates a risk-off tone in favor of silver’s industrial application. • Bicommunal trade negotiations between China and Canada may continue to bolster silver demand through increased economic collaboration. Silver has risen to its 13-year high on the back of an expanding demand that is driven by its singular status as both a precious and industrial metal. In addition to its customary position of safe haven during periods of economic turmoil, silver’s utilitarian uses in the electronics, solar energy, and medical device industries are taking on added significance. This two-pronged appeal has fortified investor demand and industrial consumption alike, enabling silver to sustain its upward trend in the marketplace. XAG/USD DAILY PRICE CHART CHART SOURCE: TradingView Subsequent geopolitical events have also been influential in increasing the attractiveness of silver. Enhanced US-China trade relations, coupled with favorable economic reports from leading regions such as Europe and North America, have been market-conducive. These factors form part of a larger optimism surrounding industrial growth and global cooperation, underpinning ongoing demand for silver. Consequently, silver is riding a wave of economic and political trends that emphasize the increasing prominence of the metal in the global economy. TECHNICAL ANALYSIS Silver’s breakout past the $36.00 level of resistance is a reflection of extreme bullish pressure, which is backed up by continuous buying pressure. The main moving averages are in an upward direction, indicating continued price increases, while the falling gold/silver ratio reflects a preference change in the market for silver. Also, technical indicators such as the Relative Strength Index (RSI) indicate strong momentum without any imminent indication of overbought levels, reflecting potential for further gains in the short term. FORECAST Silver’s sentiment remains upbeat as sustained industrial demand and positive geopolitical developments continue to underpin price advances. Assuming that trade between the US and China moves smoothly and economic data from the major regions remain robust, silver may test higher resistance levels above the current $36 level, reaching new multi-year highs. Investors and industries will continue to be interested, propelling steady upward pressure. Nevertheless, danger still exists that can trigger short-term pullbacks. Any re-emergence of trade tensions or weak economic data may take down silver’s industrial demand and safe-haven demand, precipitating price corrections. Also, a rising US Dollar or global monetary policy changes could dent silver prices. Traders need to monitor these closely, as the volatility may rise with shifting market settings.

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Commodities Silver

Silver Price Forecast: XAG/USD Consolidates at Key EMA Levels with Upside Potential in the Pipelines

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  • May 29, 2025
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Silver price (XAG/USD) is currently consolidating near the nine-day Exponential Moving Average (EMA) at $33.00, exhibiting a neutral short-run momentum as it puts an end to a recent two-day sell-off. Technical tools such as the 14-day Relative Strength Index (RSI) breaking above 50 point toward a potential change in momentum to the upside. Nearby support is at the nine-day EMA around $33.10 and the 50-day EMA at $32.69, while important resistance is at the rectangle top at about $33.60. A firm break above this resistance could see silver test higher levels, such as the seven-month high around $34.59. However, inability to support could see further downside test to $31.80 and recent lows around $31.65. KEY LOOKOUTS • Observe silver to retain these significant support levels to continue short- and medium-term bullish momentum. • A break above this significant resistance has the potential to lead to a more robust bullish surge towards the seven-month high of $34.59. • The 14-day RSI rising above 50 indicates possible bullish bias—be on the lookout for confirmation of rising momentum. • A decline below support levels might pave the way for silver to return to the rectangle’s lower edge around $31.80 and then the six-week low of $31.65. Silver price stands at a crossroads, being close to the nine-day EMA around $33.10, which is short-term support in conjunction with the 50-day EMA around $32.69. The 14-day RSI breaking above the 50 level suggests increasing bullish power, but the price is still locked inside a rectangular consolidation range. Traders need to carefully observe a strong break above the $33.60 resistance, which may set the stage to challenge the seven-month high at around $34.59. On the other hand, a lack of maintaining current support levels may bring about fresh downside pressure, possibly sending silver again into the $31.80 to $31.65 area. Silver is stabilizing around the pivotal nine-day EMA level of $33.10, with the RSI indicating possible bullish momentum. Breaking above $33.60 may send the prices towards the seven-month high of $34.59, while selling down below support could test the levels of $31.80. •  Silver is also hovering around the nine-day EMA at about $33.10 and is a near-term support. • The 14-day RSI also crossed above 50 and indicates a potential change towards bullish momentum. • The secondary level of support to keep an eye on is the 50-day EMA around $32.69. • The rectangle’s top boundary at about $33.60 is where resistance is anticipated, an important breakout area. • Breaking above $33.60 would have silver challenging the seven-month high at $34.59. • If unable to hold support levels, silver may be pressured down to the lower end of the consolidation range at $31.80. • Additional downside risk would be out to the six-week low of $31.65 if bear pressure increases. Silver remains in the limelight as a worthy asset in the wake of continued global economic instability. Investors tend to seek refuge in silver as a safe haven and inflation hedge, fueling constant demand in industrial and investment markets. Its dual status as a precious metal and industrial commodity guarantees it an influential position within global markets. XAG/USD DAILY PRICE CHART CHART SOURCE: TradingView Looking forward, silver’s prognosis is guardedly optimistic as market players consider economic rebound, inflation direction, and political developments. Although supply and demand fundamentals will remain crucial in shaping the metal’s direction, silver’s inherent worth and extensive application in multiple sectors indicate that it will be a central focus to monitor over the upcoming months. TECHNICAL ANALYSIS Silver is now consolidating at the nine-day Exponential Moving Average (EMA), which signifies a short-term period of indecision in the market. The Relative Strength Index (RSI) recently crossed over the middle zone of 50, signifying that bullish energy could possibly gain strength. Important support levels near the nine-day and 50-day EMAs will serve as valuable floors for price action, and resistance near the high end of the existing consolidation zone will be key in deciding what the next direction will be. Traders will be watching closely for a breakout or breakdown from this range to indicate more intense trends in the future. FORECAST If silver is able to breach the critical resistance level at $33.60, it would be a sign of re-emerging buying interest and the beginning of more powerful higher trend. This kind of breakout would propel prices higher, potentially to recent highs of $34.59. The positive momentum within technical gauges such as the RSI indicates potential further gains, provided global economic trends allow precious metals to be sought as safe-haven investments. Conversely, however, if silver is unable to maintain key support levels at the nine-day and 50-day EMAs, it could come under growing selling pressure. A fall below those supports would see a test of the bottom of the consolidation range at around $31.80, and potentially lower to the recent six-week low of $31.65. Deterioration in momentum indicators might strengthen this fall, signaling a change in market sentiment to one of caution or risk aversion.

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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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