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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 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 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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