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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 Bullish Bias Despite Retreat – Levels to Note

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

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Commodities Silver

Silver Price 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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Commodities Silver

Silver Price Forecast: XAG/USD Set for Next Leg of Upside as Bulls Target Breakout Above $31.00

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  • January 30, 2025
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Silver (XAG/USD) maintains its bullish bias for the third consecutive day and touches a fresh one-month high at around $31.00. The technicals are supportive of the buyers, and most indicators are hinting at more upside. A clear break above the 100-day SMA can propel the pair toward key resistances at $31.50, $32.00, and potentially even $33.00. Any pullback will probably be corrective. Near $30.65, there is strong support, and the 200-day SMA is still around $30.00. Of course, if it breaks to a lower level, silver could head lower to place $29.70 more into focus. KEY LOOKOUTS • A sustained move above the 100-day SMA will likely mark the start of a strong uptrend, and silver can run quickly to $31.50, then $32.00, and even $33.00 into the short term. • The downside protection is at $30.65, while the 200-day SMA stands at around $30.00, which can be a key support zone for buyers. • Momentum indicators are turning positive and indicate continued buying interest, supporting the idea that silver may make an extended upside move. • A break below the psychological $30.00 level could change the sentiment and may lead to a retest of the lower support zones of $29.70 or below. Silver (XAG/USD) tends to hold up as bullish, with a potential breakout above $31.00 likely coming within bullish technical moves. Strength above the 100-day SMA could easily lead to a push toward $31.50 or even $32.00, and then $33.00, should it be utterly valid. Likewise, defying the negativity will be $30.65 and the 200-day SMA near $30.00. However, a break below this key psychological level could trigger a deeper correction toward $29.70 or lower. Traders should watch these critical levels closely as silver navigates its next move. Silver (XAG/USD) is on an upward trajectory again, with breakout potential above $31.00, as several technical indicators go bullish. Still, a relatively strong support in the vicinity of $30.65 and close proximity to $30.00, the 200-day simple moving average (SMA), limit the downfall. A close above the resistances could boost the price significantly to $32.00. • Silver (XAG/USD) is seeing its third straight day of upside, reaching an intraday peak near $31.00 in one month. • A breakout above the 100-day SMA could push prices toward $31.50, $32.00, and possibly $33.00. • Immediate support lies at $30.65, with the 200-day SMA around $30.00 acting as a critical level for buyers. • Momentum indicators show increasing buying pressure, reinforcing the potential for continued upside movement. • A break below the $30.00 psychological level may trigger a decline toward $29.70 or lower. • Sustained buying interest could lead to an extended rally, reversing all previous corrections from the October 2024 multi-year high. • Traders will need to closely monitor price action, as a confirmed breakout or rejection at the key levels will dictate the next move. Silver (XAG/USD) continues to build bullish momentum to a one-month high near $31.00. The price is approaching a critical resistance level at the 100-day SMA, and a breakout above this level could push silver toward $31.50, $32.00, and even $33.00. Technical indicators are supporting this bullish outlook as increased buying pressure is reinforcing the potential for an extended rally. The recent short-covering rally indicates that the corrective decline from October 2024’s multi-year peak may have ended, opening the way for further upside movement. XAG/USD Daily Chart TradingView Prepared by ELLYANA On the downside, immediate support is seen at $30.65, with the 200-day SMA around $30.00 acting as a crucial level for buyers. A break below this psychological mark could trigger a deeper correction, possibly driving prices toward $29.70 or lower. However, as long as silver remains above key support levels, any pullback is likely to be seen as a buying opportunity. These should be watched carefully by traders to see whether there is a confirmed breakout or rejection, which will give the next significant move for XAG/USD. TECHNICAL ANALYSIS Silver (XAG/USD) setup bullish, as the price remains above important support levels and approaches to a critical resistance near the 100-day SMA at $31.00. Momentum indicators have just turned positive again, especially through the RSI and moving averages. Thus, a strong break above it can be interpreted to further add support to potential additional upside breaks that could now touch the following resistances $31.50 then $32.00 followed by $33.00, which are a tough resistance and hence should take out $30.65; it has huge supports, even up to a barrier of its 200 DMA of $30.00 for support. A dip below this could make the mood turn bearish, which can cause a potential retest at $29.70. At large, the technical picture favors bulls, with any short-term correction expected to be seen as a buying opportunity. FORECAST Silver (XAG/USD) looks ready for a higher high since the bullish momentum continues to pick up steam with the price maintaining above critical support levels. A decisive breakout above the 100-day SMA at $31.00 should trigger a strong rally, driving silver toward the $31.50-$31.80 zone, then to the psychological barrier of $32.00. If buying pressure remains strong, silver could target the December swing high at $32.30 and potentially drive gains toward $32.75-$33.00, a level not seen since early November. Technical analysts such as RSI and MACD support a bullish outlook by way of increasing investor confidence in higher price levels. The continuation of the short-covering rally can further fuel upside movement. Again, silver’s improvement has bearish downside risks if it fails to sustain momentum above $31.00. Its resistance appears strong against a pullback back toward the first support at $30.65. If selling pressure increases, the price may test the 200-day SMA at $30.00, which is a significant psychological and technical support level. A confirmed break below $30.00 may shift sentiment bearish, and silver may drop to $29.70 and possibly $29.30. Macro factors such as a strengthening U.S. dollar or rising bond yields could also weigh on silver prices, leading to increased volatility in the near term. However, with key support levels

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Commodities Silver

Silver Skyrockets: XAG/USD Hikes to $31 with Trump’s Comments and Weak US Dollar

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  • January 24, 2025
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The Silver price, quoted as XAG/USD, is currently traded near $31.00 per troy ounce, amid various geopolitical events and economic reasons. Recent comments from US President Donald Trump on optimism for a China trade deal, in addition to his request for the Federal Reserve to reduce interest rates, are the major drivers that increased the demand for non-interest-bearing assets like Silver. Second, the weakening US Dollar and decrease in the yields of Treasury further strengthened the uptrend momentum of Silver. With ongoing uncertainties regarding US-China trade negotiations as well as new proposed tariffs with Canada, Mexico, and the European Union, traders are scrambling into safe-haven assets. Combining this together with industrial demand by China, precious metals are still trading at a premium. KEY LOOKOUTS • Silver prices shot up on Friday due to a weakened US Dollar and after President Trump portrayed a positive outlook for US-China trade talks. • President Trump’s remarks of demanding an instant Fed cut and President Trump’s positive tone about US-China trade talks with China have exponentially placed demand for safety in Silver. • A DXY drop below 107.00 and Treasury yields lower led to pushing the prices of non-yielding assets, such as Silver, up in the global market. • Hopefulness in US-China trade talks will bring increased industrial demand in Silver as China is the world’s largest consumer of metals and manufacturing hub. Silver prices, XAG/USD have increased to nearly $31.00 per troy ounce on geopolitical optimism and some economic shifts. Latest comments of President Trump that there is hope for trade agreement between US and China, in addition to his fresh demand for immediate Federal Reserve rate cut have really fostered this growing demand for non-yielding assets, including Silver. The US Dollar does currently remain weak as the Dollar Index DXY descends below 107.00 even as Treasury yields continue to fall. Industrial demand for Silver may also rise as China, the world’s largest consumer of metals, could benefit from improved trade relations, driving further strength in the precious metal. Silver prices (XAG/USD) rose to near $31.00 per troy ounce as President Trump’s positive comments on US-China trade talks, a weaker US Dollar, and declining Treasury yields fueled the rally. The move is attributed to rising safe-haven and industrial demand for the precious metal. • XAG/USD rises near $31.00 per troy ounce, recovering recent losses. • Optimism on US-China trade talks boosts safe-haven demand for Silver. • Dollar Index (DXY) falls below 107.00, supporting Silver prices. • US Treasury yields drop, enhancing the appeal of non-yielding assets like Silver. • Trade optimism strengthens industrial demand for Silver, especially from China. • Trump’s call for immediate Federal Reserve rate cuts drives market sentiment. • Proposed tariffs on Canada, Mexico, and the EU add to market uncertainty, favoring safe-haven investments. Silver prices (XAG/USD) surged close to $31.00 per troy ounce during Friday’s Asian trading session, driven by a blend of economic and geopolitical factors. President Trump’s optimistic comments about US-China trade negotiations and his call for immediate Federal Reserve rate cuts have sparked increased demand for safe-haven assets like Silver. The precious metal also gained from a weakening US Dollar, with the Dollar Index (DXY) falling below 107.00, and lower US Treasury yields. These factors have enhanced the appeal of non-yielding assets, providing a strong foundation for Silver’s rally. XAG/USD Daily Price Chart Source: TradingView Prepared By ELLYANA Trade optimism could further enhance industrial demand for Silver since China is the world’s biggest consumer of metals and might resume manufacturing activities with improved trade conditions. Trump’s claims about avoiding tariffs with China and placing tariffs on Canada, Mexico, and the EU have kept world markets in caution, and such anxiety has continued safe-haven demand. Given that market participants keenly watch US-China relations and actions by the Federal Reserve on policy, silver is in a prime position to keep rising even in an increasingly uncertain global economy. TECHNICAL ANALYSIS Silver (XAG/USD) has been on a healthy bullish run, breaking key resistance areas near $30.50 and getting close to the psychological area of $31.00. The upward trajectory is supported by rising moving averages, where the 50-day MA crosses above the 200-day MA, forming a bullish golden cross pattern. Momentum indicators such as the Relative Strength Index (RSI) hover near overbought territory, suggesting sustained buying interest but also caution for potential pullbacks. Additionally, the Fibonacci retracement levels show $31.00 as a critical area of resistance, with further upside targeting $31.50 and $32.00. Support lies around $30.00, and a break below might invite bearish pressure. Traders are looking for consolidations to confirm their next directional move. FORECAST Silver prices (XAG/USD) can be expected to continue higher on the back of supportive macroeconomic factors: a weakening US Dollar and a decreasing Treasury yield. The psychological level of $31.00 is a resistance; a firm breakout above the level may pave way to $31.50 and $32.00. Positive development on US-China trade talks with China, that is the silver’s largest customer, also shows positive industrial demand increases prices. It is supported from the short-to-medium term as the golden cross pattern and tremendous buying momentum make it bullish on technical indicators. With the bullish momentum being very strong, Silver might also be on the lookout for potential pullbacks with overbought conditions showing on the RSI, and this pullback could be toward the $30.50 support area if the metal can’t hold it up at the $31.00 area. Otherwise, a better-than-expected US economic report or some hawkish comments from Fed officials would be further strengthening the US Dollar to continue hurting Silver prices. Further downside risks are driven by reduced safe-haven demand if geopolitical uncertainties ease or if industrial demand expectations weaken. Key support levels to watch include $30.00 and $29.50, where buyers may look to re-enter the market.

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Commodities Silver

Silver Price Drops: Trump Trade Policies, Fed Rumors Continue Shaping XAG/USD

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  • January 21, 2025
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Silver prices traded cautiously around $30.50, as the US Dollar bounced strongly after US President Donald Trump’s reiteration of plans to increase tariffs, but the hike has been delayed. Despite the fact that the strength in the Dollar- a two-week low for the DXY-borne pressure on precious metals, falling bond yields somewhat mitigated the risk off atmosphere for Silver as it lessened the cost of holding non-yielding assets. The 10-year US Treasury yield dipped to 4.56%, with traders speculating a possible Federal Reserve rate cut in May. Technically, Silver faces resistance near $30.80, with buyers finding support at the 200-day EMA around $29.45. The 14-day RSI near 60.00 hints at potential bullish momentum if breached, but market sentiment remains cautious. KEY LOOKOUTS • US Dollar’s rally, fueled by President Trump’s delayed tariff hike plans, is still putting pressure on Silver prices, which remains inversely related to the Greenback. • Lower bond yields and a 53% chance of a Fed rate cut in May are supporting Silver prices as the Dollar strength is balanced. • Silver struggles at $30.80; the 14-day RSI at 60.00 suggests a possible bullish trend if it breaks above this significant technical level. • Decreasing 10-year US Treasury yields, currently at 4.56%, enhance the attractiveness of Silver as a non-yielding asset, hence supporting a timid but steady demand. Silver prices (XAG/USD) are moving through a very complicated market landscape, trading near $30.50, as the US Dollar’s rebound exerts downward pressure following President Trump’s announcement of delayed but intact tariff hike plans. The Dollar’s recovery, based on DXY rising from a two-week low, continues to test precious metals, making the metals costlier to investors. On the downside, bond yields decline with 10-year US Treasury yields falling to 4.56%, where traders begin to look forward to the possibility of an FOMC-led Federal Reserve rate cut in May. Technical-wise, Silver does fight at $30.80, however strength in its buying interest does exist near the 200-day EMA at $29.45, while the 14-day RSI doing near 60.00 does indicate the possibility for positive momentum when this level is broken. Market sentiment being generally cautious, people look into the Fed policy event calendar along with general trading flows. Silver prices (XAG/USD) trade around $30.50 as a rebounding US Dollar, responding to Trump’s tariff policy stance, puts on pressure. Still, falling bond yields and speculations over Fed rate cuts provide a cushion. Resistance is still capped at $30.80, with the 200-day EMA remaining a significant buying trigger at $29.45. • Silver (XAG/USD) trades cautiously near $30.50, capped on the upside at $30.80 and supported below at the 200-day EMA at $29.45. • The US Dollar Index (DXY) recovered from a two-week low, forcing Silver to become expensive for investors. • President Trump confirmed that tariff hike plans are delayed but still intact, fueling the strength of the Dollar and impacting market sentiment. • The 10-year US Treasury yield fell to 4.56%, reducing the opportunity cost of holding non-yielding assets like Silver. • Market expectations for a Fed rate cut in May are easing, with a 53% probability now priced in, down from 63% last week. • The 14-day RSI is hovering near 60.00, which could be a potential bullish momentum if broken, but the current market indecision is limiting upward moves. • Traders are cautiously balancing the impact of Dollar strength, Fed policy outlook, and declining yields on Silver’s near-term trajectory. Silver prices (XAG/USD) are trading near $30.50, finding a tight-rope balance between a surging US Dollar and increasing supports from plunging bond yields. A two-week low in the US Dollar Index (DXY) prompted a sharp rebound after President Donald Trump confirmed delayed but still-intact tariff hike plans. The news has essentially made silver an expensive metal for investors, further downward pressure on the white metal. However, after the 10-year US Treasury yield drops further to 4.56% it mitigates Silver’s drift down, as lesser yields have decreased the cost of opportunity for holding non-yielding assets. The metal is further supported by the Federal Reserve’s policy outlook as traders have priced in a 53% probability of a rate cut in May – below 63% a week ago, which has generally reflected the risk-averse market sentiment. SILVER Daily Price Chart.  Source: TradingView Prepared By ELLYANA On the technical side, Silver is facing resistance around $30.80, which is in line with an upward-sloping trendline. Buyers are still active around the 200-day EMA at $29.45, creating a robust support zone. The 14-day Relative Strength Index (RSI) remains under pressure at 60.00, indicating a potential bullish breakout if surpassed. For now, the metal’s trajectory remains tied to external factors, including further developments in US trade policies, the Fed’s monetary stance, and the broader performance of the Dollar. Investors are advised to monitor these key drivers as the market remains finely poised between conflicting forces. TECHNICAL ANALYSIS Silver (XAG/USD) is showing cautious movement near the resistance level of $30.80, which aligns with a significant upward-sloping trendline. The 200-day Exponential Moving Average at $29.45 offers strong support, where buying pressure has repeatedly been initiated into the market. Yet, it fails to sustain above the 50-day EMA at $30.30. It shows a failure to gain more strength in terms of bullish conviction. The 14-day Relative Strength Index is found at 60.00 and can be used to indicate a likely break for bullish strength, but shows indecision as of now. A breakout above $30.80 could signal a continuation of the uptrend, while a failure to hold above $30.30 may lead to a deeper pullback toward the support zone at $29.45. FORECAST Silver (XAG/USD) could experience a bullish breakout if it successfully breaches the resistance at $30.80, a level reinforced by the upward-sloping trendline. The 14-day RSI, currently near 60.00, suggests potential for renewed buying momentum if it moves decisively higher. A robust break above this resistance might set the stage for higher levels, and the next potential target of $31.50 could be in play. Falling bond yields and market speculation that the

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Commodities Silver

XAG/USD Technical Setup Signals Caution Despite Recent Silver Price Gains

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  • January 15, 2025
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Silver (XAG/USD) has managed to reclaim the $30.00 mark, which drew some buying interest for the second consecutive day. However, despite the recent bounce, the overall technical setup suggests caution for bullish traders. The price has been following a well-established downtrend, marked by a descending channel since the October highs near $35.00. Oscillators on the daily chart still haven’t bounced back with strong positive momentum even if it’s rebounding from bearish territory; thus, any upward momentum might be challenged. The most important levels of interest will be at $30.45, then the 100-day Simple Moving Average at around $31.00. A strong thrust above those will probably terminate the recent correction and set it in motion towards higher gains. Conversely, failure to overcome these obstacles could again push XAG/USD lower down with renewed force, particularly if mid-$29.00s support gives way. KEY LOOKOUTS • XAG/USD resistance is seen at $30.45, at the top of the descending channel and a level where an upside breakout or reversal can occur. • The 100-day SMA stands at $31.00 and is also acting as a level of resistance, suggesting more price appreciation is likely if broken. • The mid-$29.00s offers initial support; a breakdown below there could be the catalyst for a fresh leg lower, to $28.75-$28.70. Silver (XAG/USD) has reclaimed the $30.00 level but the technical perspective is still not optimistic. Resistance is seen close to $30.45-the top of the descending channel-while further barriers are seen in the 100-day SMA near $31.00. A sustained break above those levels could reverse the trend. However, failure to clear these resistance levels and a dip below the mid-$29.00s support could lead to renewed downside pressure, making it important for traders to monitor these key levels closely. Silver (XAG/USD) is testing resistance near $30.45 and the 100-day SMA at $31.00. A break above these levels could signal further upside, while support at mid-$29.00s remains crucial for downside risk. • XAG/USD is capped on the upside around $30.45, the upper side of the falling channel. • The 100-day Simple Moving Average at $31.00 is a next key resistance level for silver. • A support level exists around the mid-$29.00s. A break below this level might signal further downward momentum. • The price remains in a falling channel, signifying a trend well established, and little room for short-term upside. • Daily chart oscillators have come out of bearish territory but do not have strong bullish momentum. • Break above $31.00 could signal the end of the corrective decline and open up more upside. • Drop below mid-$29.00s support would confirm further weakness, with a potential target of $28.75-$28.70 support Silver (XAG/USD) has managed to recover above the $30.00 mark, attracting buying interest for the second consecutive day. However, the technical setup should warn the bullish traders. The price has been in a channel, breaking down since the October peak near $35.00. So, the downtrend is rather solid. The latest uptick was neutral for the oscillators on the daily chart, and there was no strong bullish momentum. The price has approached resistance near $30.45, at which the upper boundary of the descending channel was met. Another obstacle lies close to the 100-day Simple Moving Average at $31.00, which may become an important barrier in case of further upside. Should silver be able to break through the resistance levels outlined above, this could be an indication that the corrective phase has ended and opens the way for further increases. Targets are likely to remain at $31.70 and the $32.00 mark, but the December swing high around $32.30-$32.35 is the final resistance. Downside support could be found immediately in the mid-$29.00s and a break of this level will lead to increased selling pressure again. In such a case, silver is expected to test levels around $28.75-$28.70, confirming additional downward momentum. Traders should pay close attention to these technical levels to identify the next possible move in XAG/USD. TECHNICAL ANALYSIS Silver (XAG/USD) has reclaimed the $30.00 level, which is a short-term bounce, but the overall technical view is to be cautious. The price is testing resistance at the upper boundary of the descending channel near $30.45, which has been a consistent barrier since the October highs. This channel indicates a well-established downtrend, thus limiting the upside potential in the near term. Oscillators on the daily chart have recovered from bearish territory but remain neutral, which suggests that silver lacks strong bullish momentum. The 100-day Simple Moving Average (SMA), currently just above $31.00, will be an important resistance point. A break and sustained move above $31.00 would indicate the end of the corrective decline and open the door for further upside, potentially targeting the $31.70 level and the $32.00 mark. On the downside, immediate support is found around the mid-$29.00s, specifically from Monday’s low. A break below this support level could reinforce the bearish setup and send silver prices back toward the $28.75-$28.70 region, marking the December lows. XAG/USD Daily Price Chart Sources: TradingView, Prepared by ELLYANA FORECAST Silver (XAG/USD) may remain bullish if the price can penetrate the resistance area. The immediate strong resistance stands at $30.45, the top side of the descending channel. If silver prices break through this level, the next one is at the 100-day Simple Moving Average (SMA) around $31.00. A break above $31.00 would be a sign that the corrective decline might be ending and could lead to further upside, with the $31.70 and $32.00 levels the next targets of interest, and the December swing high near $32.30-$32.35 the next significant resistance. The downside support in the mid-$29.00s is present and a break below this region will reinforce the bearish sentiment. Silver might drift toward the $28.75-$28.70 zone, which are the December lows. Pressure below this support level may further indicate that the broader downtrend is intact and that it can test even lower levels. A sustained break below $28.70 may open up the gates for deeper losses and confirm a more prolonged bearish phase.

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