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Commodities Silver

Silver Price Outlook: XAG/USD Consolidating Just Above $42.50 Near 2011 Highs Prior to FOMC

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  • September 16, 2025
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Silver (XAG/USD) is consolidating just above the $42.50 level, its best since September 2011, as the market holds back prior to the pivotal FOMC policy decision. The latest run is resisted around the rim of its rising trend channel while the overbought daily RSI indicates a probable short-term pullback. Any corrective dip, however, should remain contained and provide new buying opportunities, with major support at $42.00 and $41.40. To the upside, a breakout above $42.75 would lead the way for a test of the 2011 high at $43.40 and more importantly extend gains toward the $44.00 zone. KEY LOOKOUTS • Silver is ranging above $42.50, holding near its highest 2011 level, as traders remain cautious in anticipation of the FOMC meeting. • The daily RSI still appears overbought, suggesting the possibility of short-term corrective pullbacks prior to the next bullish leg. • Support for a break lower is at $42.00 and $41.40; a fall through here could extend the bearish decline to $41.00 and $40.50. • A continued advance above $42.75 and $43.00 could set the stage for a retest of the 2011 high at $43.40 and a continuation to $44.00–$44.25. Silver (XAG/USD) is on a bullish consolidation trend above $42.50, its latest high since September 2011, as investors take a wait-and-see approach ahead of the next FOMC policy choice. Although the recent rally is tiring with the daily RSI remaining in the overbought zone, any corrective decline is set to be contained and may provide new buying opportunities. Leveling support around $42.00 and $41.40 should serve to cushion against further losses, and a sustainable break through $42.75 and $43.00 would stage the way for the retesting of the 2011 high at $43.40 and pave the way for further advances towards the $44.00 mark. Silver (XAG/USD) holds above $42.50, its peak since 2011, as the FOMC decision is awaited. Though overbought levels indicate a short-term correction, sustained support levels indicate dips may see fresh buying. A move above $43.00 could lead to a retest of the 2011 high at $43.40. • Silver remains above $42.50, its September 2011 peak. • Price action consolidates in a month-to-date bullish trend channel. • Overbought daily RSI readings indicate potential short-term pullback or sideways action. • Major downside support is at $42.00 and $41.40 (channel support + 200-hour SMA). • Further downturn could hit $41.00 and $40.50–$40.45 levels. • On the flip side, a breach above $42.75–$43.00 could drive fresh bullish support. • Potential targets of the upside include the 2011 high at $43.40, then $44.00–$44.25. Silver (XAG/USD) has gained a lot of market focus because it is trading above $42.50, hitting levels last witnessed in September 2011. The rally indicates increasing investor appetite in safe-haven assets because of heightened uncertainty in global financial markets. As the Federal Reserve’s next policy choice comes into view, investors are being cautious, keeping silver in a state of consolidation while awaiting clearer directions on the course of interest rates and the economy at large. XAG/USD DAILY CHART PRICE SOURCE: TradingView The strong performance of the precious metal also underscores its attractiveness as a store of value and an industrial commodity. Increased demand for green energy technology, together with persistent global inflationary forces, continues to underpin the long-term outlook for silver. While investors balance economic risk and central bank action, silver remains the asset to watch, balancing as a hedge against the uncertain and as a force driving industrial growth. TECHNICAL ANALYSIS Silver (XAG/USD) is ranging close to the top of its rising channel following a spectacular four-week run, with the daily RSI suggesting overbought levels that will cap near-term upside pressure. Support is registered around $42.00 and $41.40, which can serve as a base for any short-term corrective falls, while resistance levels are in place near $42.75 and the $43.00 psychological level. A prolonged breakout above these barriers could lead to the September 2011 high of $43.40 and extend gains to $44.00–$44.25, while a breakdown from key supports could propel a steeper pullback. FORECAST Should Silver (XAG/USD) continue to build on its momentum above $42.50, the break above $42.75 and $43.00 could set the stage for more uplift. The next significant milestone is close to the September 2011 high at $43.40, with more room to move forward into the $44.00–$44.25 zone if bulls intensify. Supportive macroeconomic fundamentals, such as Fed policy relaxation expectations, could offer additional wind to the silver rally. On the negative side, any such corrective retreat may find initial defense at $42.00, with solid support lower at $41.40, which coincides with the base of the ascending channel and the 200-hour SMA. A clear break through these levels can extend the fall to $41.00, and then to $40.80–$40.50. Short-term corrections are on the cards, but these are more likely to garner fresh buying interest and maintain the overall bullish setup intact.

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Commodities Silver

Silver Price Outlook: XAG/USD Persists Near $37.00 as Bearish Sentiment Remains Strong

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  • August 4, 2025
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West Texas Intermediate (WTI) crude prices dropped to around $66.35 during early Asian trading on Monday after the latest significant OPEC+ production boost of 547,000 barrels per day in September. The move has also fueled concerns over a supply glut, especially after consecutive monthly increases since April. In addition, soft U.S. employment figures have fueled economic slowdown fears, putting pressure on oil prices lower. In spite of some relief from the threat of secondary sanctions on Russian crude, attention then shifts to upcoming data from the American Petroleum Institute (API) for further direction. KEY LOOKOUTS • Breakdown below the rising channel and 200-period SMA on the H4 chart validates bearish pressure. • Attempts to recover may meet strong resistance at $37.35 and $37.60, both at the 200-SMA and channel support breakpoint. • Support is at $36.20; a break below can open the door to $36.00 and then on to $35.50–$35.00. • Technical indicators hint that rallies may be short-lived unless silver convincingly reclaims $37.60. Silver (XAG/USD) continues to be under bearish pressure as it flatlines around $37.00, unable to capitalize on Friday’s modest recovery. The recent breakdown of the white metal below a two-month-old rising channel and 200-period SMA on the 4-hour chart has reinforced the bearish bias. Even in the wake of softer US job numbers last week, the waning USD weakness is contributing to the bearish bias. Technical charts on both daily and intraday time frames indicate limited upside, with any bounce expected to run into selling pressure around the $37.35–$37.60 range. Unless the bulls recover this important resistance level, silver is still exposed to more losses down to $36.20, $36.00, and even the $35.00 psychological level. Silver (XAG/USD) trades around $37.00, unable to follow through on Friday’s bounce with a renewed USD rally. Technicals incline towards a bearish bias, with resistance between $37.35–$37.60 in all likelihood to limit gains. A fall below $36.20 has the potential to further hasten the decline to $35.00. • Silver trades flat at $37.00 with declining bullish momentum and fresh USD strength. • Price hovers near four-week low, indicating ongoing bearishness. • Break below the rising channel and 200-period SMA on H4 chart reaffirms bearish technical pattern. • Downside bias is supported by negative oscillators on 4-hour and daily charts. • Initial resistance is at $37.35, followed by key hurdle near $37.60. • Support is initially found at $36.20, with additional downward risks towards $36.00, $35.50, and $35.00. • Attempts to recover are likely short-lived unless silver convincingly breaks back above $37.60. Silver (XAG/USD) starts the week on a guarded tone, sitting steady at the $37.00 level. Market sentiment is low as market participants process last week’s U.S. employment data, which initially burdened the U.S. Dollar but not enough to impart sustainable push for precious metals. Given the overall macroeconomic situation remaining in doubt, investors seem unwilling to take on aggressive bets in silver. Lack of new catalysts is joining the sideways action, with market players waiting for clearer signs before placing directional wagers. XAG/USD DAILY PRICE CHART SOURCE: TradingView Behind the scenes, broader themes of global economic wellbeing, inflation direction, and central bank policy still shape the silver market. With industrial and investment demand as a commodity, silver is still sensitive to changes in global risk appetite and demand direction. Short-term sparks from geopolitical tensions and economic releases may generate excitement, but medium-term performance will probably rest on how these wider themes continue to play out in the weeks ahead. TECHNICAL ANALYSIS Silver (XAG/USD) broke a crucial rising channel support that has remained intact for almost two months, indicating a change in momentum to the downside. Such a breakdown also comes along with a fall below the 200-period Simple Moving Average (SMA) on the 4-hour chart, further supporting the bearish view. Momentum indicators on the 4-hour and daily charts are also declining, indicating ongoing selling interest. Any attempts at rebounding are bound to be met with resistance at the $37.35 mark, with an even more solid barrier at $37.60—both of which must be overcome in order to dissuade the bearish tilt and set the stage for a possible short-covering rally. FORECAST If Silver (XAG/USD) can somehow stay above the $37.00 mark and gain some bullish traction, the initial hurdle is the $37.35 zone, denoted by the 200-period SMA on the 4-hour chart. A persistent break above this level would produce a modest rebound, advancing prices to the $37.60 area, the former channel support. A breakout above this key resistance would clear the way for a short-covering advance to $38.00, and then to the $38.30–$38.35 zone. Conversely, inability to hold above $37.00 will draw in fresh selling interest. A clean fall below the immediate support level of $36.20 would reemphasize the bearish tilt and might take silver to the psychological $36.00 mark. Further weakness beyond this level could spur the fall, leaving the metal vulnerable to further declines to the $35.50 area, with the $35.00 level serving as an important downside objective in the near term.

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Commodities Silver

Silver Price Prediction: XAG/USD Remains Close to $38 with US-EU Trade Deal and Fed Rate Hesitancy

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  • July 28, 2025
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Silver (XAG/USD) moves carefully in the vicinity of the $38.00 level with enhanced market mood from a settled US-EU trade deal diminishing safe-haven demand. The deal, which places 15% duties on Brussels imports, has increased investor risk appetite, evidenced by climbing S&P 500 futures. In the meantime, market players are looking for the Federal Reserve’s next policy decision with expectations that interest rates will be held steady. With the Fed’s extended higher rate policy bearing down on non-yielding assets such as silver, pressure is put on the white metal, particularly as bullish momentum ebbs away, as can be seen in technical readings. KEY LOOKOUTS • The ratified trade deal, featuring 15% tariffs on EU imports, has increased market risk appetite, dampening demand for safe-haven assets such as silver. • Wednesday’s Fed meeting has everyone watching, anticipating steady rates. Any unexpected hawkish cues may continue to pressure silver. • Support is at the June 18 high of $37.32, with resistance near the June 23 high of $39.53. • The RSI declining below 60.00 and silver’s retreat from recent highs indicate fading bullish strength in the near term. Silver (XAG/USD) stays in wary bearishness around the $38.00 threshold as better risk appetite globally, fueled by the completed US-EU trade agreement, diminishes demand for conventional safe-haven assets. The deal, which calls for a 15% import tariff from Brussels, has boosted market confidence, seen in the surge of S&P 500 futures. Meanwhile, the market is focused on the upcoming Federal Reserve policy announcement, where interest rates are expected to be left unchanged. But the Fed’s policy of keeping higher rates for a longer period continues to burden non-yielding assets such as silver, again clouding the bullish picture. Silver (XAG/USD) is trading cautiously at around $38.00 as the US-EU trade agreement improves risk appetite and undermines safe-haven demand. Attention now turns to the Fed’s next policy decision, with stable rates likely to continue exerting pressure on silver prices. • Silver is trading around $38.00, coming under pressure on the downside as global risk appetite improves. • US-EU trade agreement finalized, with the US slapping 15% tariffs on EU imports, enhancing investor sentiment. •Demand for safe-haven assets shrinks as equity markets respond favorably to the trade agreement. •Fed likely to maintain rates unchanged at 4.25%-4.50% during the next policy meeting. •Increased interest rates pressurize silver, a non-yielding rate-sensitive asset. •Technical support at $37.32, with resistance around June 23 high of $39.53. • RSI below 60.00 indicates declining momentum, causing alarm for continuation to the upside. Silver (XAG/USD) is trading with a conservative tone at the $38.00 level, following the news of a US-EU trade deal. The agreement, which involves a 15% tariff on EU imports to the US, has reduced geopolitical tensions and put investor sentiment in a positive mood. Consequently, safe-haven assets such as silver have declined in demand, while equities and riskier assets have become more aggressive. General optimism over the trade agreement has moved attention from metals to growth-driven investments. XAG/USD DAILY PRICE CHART SOURCE: TradingView Market focus now moves to the coming Federal Reserve policy announcement, where the central bank will hold onto the current interest rate bracket. With inflation easing and economic growth solid, the Fed has less need to make rates adjustments in the immediate future. Nonetheless, the extension of higher borrowing rates renders non-yielding assets such as silver unappealing to investors. Silver prices, in the short term, could continue to suffer from general economic optimism and normal monetary policy, unless new geopolitical threats or economic shock trigger safe-haven demand. TECHNICAL ANALYSIS Silver (XAG/USD) has retreated back to the $38.00 handle after hitting recent peaks at around $39.53. The 20-day Exponential Moving Average (EMA) is set as a major support level, suggesting a potential cushion for additional downside. In the meantime, the 14-day Relative Strength Index (RSI) has fallen below the 60.00 mark, which shows declining bullish momentum and hints at a potential reversal to consolidation or slight correction. To the negative, the June 18 high of $37.32 can act as an immediate floor, and the June 23 high of $39.53 still stands as a key resistance hurdle to any new bullish efforts. FORECAST If investor sentiment returns to being cautious following unforeseen geopolitical events or softer economic reports, silver may return to its safe-haven status. A clear break above $38.50 might set the stage for retesting the recent high of approximately $39.53. Sustained buying interest above this resistance could push further gains towards the round psychological $40.00 level, provided the Federal Reserve indicates some dovish lean or deceleration in economic momentum. On the negative side, ongoing optimism about the US-EU free trade agreement and calm interest rate expectations of the Fed may continue to put pressure on silver. A fall below the near-term support of $38.00 could see additional declines to June 18’s high of $37.32. If this level also fails to hold, negative sentiment may accelerate, moving silver prices towards the $36.50 zone in the short run.

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Commodities Silver

Silver Price Prediction: XAG/USD Sees Resistance Below $36 as Bulls Lose Steam

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  • July 1, 2025
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Silver (XAG/USD) fails to sustain its recovery momentum, declining below the $36.00 level as new selling pressures are seen during the Asian session. Even though there was some relief from the multi-day low at $35.40, the short-term technical picture is uncertain, with MACD indicating weakness but the RSI resting above 50. The key support is around the $35.40-$35.50 region, and a fall below that might push losses further towards $35.00 or even to $34.45. On the other hand, sustained strength above $36.20 might bring a retest of the $37.00 level and continuation of the large-scale uptrend. KEY LOOKOUTS • A firm break below this zone would initiate further bear pressure towards $35.00 and $34.45. • The rebound, if any, is likely to encounter initial resistance in this area, with more powerful bullish pressure required to revisit $37.00. • The MACD is indicating bear momentum, and the RSI still being above 50 indicates cautious trading on the cards. • A continuation move beyond this level would confirm the resumption of the three-month uptrend, targeting highs in the region of $37.30–$37.35. Silver (XAG/USD) trades under strain below the $36.00 handle, unable to sustain a recent rally from the multi-day low around $35.40. In spite of indications of vibrancy in general market sentiment, the metal is exposed to fresh selling pressure, which is indicative of uncertainty among bulls. The technical chart is mixed in outlook—while the MACD indicates faltering momentum, the RSI trading above 50 a sign of weak bearish conviction. Traders will probably wait for a definitive break below the $35.40 support or above the $36.20 resistance before entering a direction. Silver (XAG/USD) trades just below $36.00 as buyers can’t maintain momentum. Support at $35.40 is key, while resistance at $36.20 caps upside. A break in either direction might determine the next move. •  Silver trades around $35.85, falling 0.70% under renewed selling pressure. •  The rally from the $35.40 multi-day low has faltered, reflecting poor bullish conviction. •  MACD registers a bearish crossover, but RSI > 50 indicates limited conviction on the downside. •  Solid support is present around the $35.40–$35.50 horizontal area. •  A breach below this support could see further losses toward $35.00 and $34.45. •  Resistance is near $36.00–$36.20, limiting immediate recovery attempts. •  A prolonged break above $37.00 may initiate a new wave of bullishness, extending the 3-month bull trend. Silver continues to be in the spotlight with investors balancing wider market factors, such as inflation direction, interest rate forecasts, and political tensions. The precious metal keeps drawing attention as an economic uncertainty hedge, particularly with global central banks trying to find a fine line between growth support and inflation control. While other asset classes such as equities and bonds move on policy signals, silver continues to hold value because it is both an industrial and a safe-haven asset. XAG/USD DAILY PRICE CHART SOURCE: TradingView In addition, demand for silver is underpinned by its fundamental contribution to green technologies, such as solar panels and electric cars, that are picking up pace around the world. As governments continue to accelerate clean energy transitions, industrial demand for silver will continue to be firm. This fundamental demand, combined with changes in investor sentiment, will most likely contribute to setting the medium- to longer-term outlook for the metal, irrespective of near-term market action. TECHNICAL ANALYSIS Silver (XAG/USD) is also giving mixed signals, prompting caution amongst traders. The daily chart MACD has gone into the negative zone, meaning a possible change in momentum on the downside. Yet, the RSI remains above the neutral 50 level, indicating bearish strength is not yet fully established. Immediate support is seen between $35.40 and $35.50, a range that has supported recent falls. On the positive side, silver is resisted around the $36.00–$36.20 level, and only a firm breakdown above this would set the stage for a retest of the $37.00 level and higher. Until such time, price action could stay range-bound and responsive to general market signals. FORECAST In the event that Silver (XAG/USD) holds above the $35.40 support level and cracks decisively above the $36.20 resistance, it would tend to confirm fresh bullish momentum. Such an extended push past this point could set the stage for a test of the $37.00 level, which has served as a significant ceiling in recent weeks. A breach past $37.00 could push prices further toward the $37.30–$37.35 zone, which would continue the general uptrend that has been underway since several months. Conversely, a lack of support at $35.40 can initiate higher selling pressure. The breakdown of this level may expose Silver to a fall towards the psychological level of $35.00, with additional declines likely targeting the $34.75 and $34.45 support levels. This move would indicate a change in sentiment and can initiate short-term bearish positioning, particularly if general risk-off sentiment or dollar strength increases.

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Commodities Silver

Silver Price Outlook: Bullish Flag Pattern to Facilitate More Upside Past $32.20

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  • May 9, 2025
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Silver (XAG/USD) is trading in a slight positive direction in the mid-$32.00s, with the support of dip-buyers close to the $32.20 mark. A bullish flag pattern formation, along with daily and hourly chart positive momentum from oscillators, hints that silver prices may witness additional gains. Resistance could appear closer to the levels of $33.00 and $33.15, but a break above there could set the way for a drive higher to $33.70 and further on to $34.00. On the bear side, firm support closer to $32.20 might cap any worthwhile corrections, and a break below $32.00 could expose further declines to the $31.50-$31.45 area. KEY LOOKOUTS • The creation of a bullish flag pattern indicates potential for further advances in silver prices, with the direction of least resistance favoring the upside. • The $32.20-$32.25 area is now a support area of significance. A break beneath this could result in a more extended loss, testing the $31.50-$31.45 area. • Silver can encounter selling pressure around the $33.00 round number and the upper edge of the falling channel near $33.15. Breaking above these prices can initiate a move to $33.70 and $34.00. • A breach below the $32.00 level can convert the near-term outlook to bearish, moving towards a stronger correction to the $31.50 area. Silver (XAG/USD) is presently in a moderately bullish trend, backed by solid buying interest around the $32.20 level, which is also consistent with the development of a bullish flag pattern. Although the price is exhibiting positive momentum, investors should observe possible resistance at the $33.00 and $33.15 levels, as these may limit further upward movement. A breakout above these resistance levels would result in a run towards the $33.70 and $34.00 regions. On the other hand, the $32.20 region is the first level of support, and a fall below this level may trigger a bearish momentum, leading to further falls towards the $31.50-$31.45 region. The $32.00 level is crucial to the outlook; a break below this level would strengthen a bearish inclination and may lead to further big losses. Silver (XAG/USD) is still bullish, held by a robust buying interest near $32.20, with possible upside towards $33.00 and $33.15. The critical support is at $32.20, and a fall below $32.00 may trigger a change in trend to bearish, reaching $31.50. • Silver is in the process of creating a bullish flag pattern, indicating possible additional gains. • The $32.20 area is serving as a robust support level, pulling in dip-buyers. • Silver is likely to meet resistance at the $33.00 round figure and $33.15 area. • Breaking above $33.15 is likely to open up further to the upside to $33.70 and $34.00. • A fall below $32.00 is likely to change the bias to bearish, opening up further downside. • If silver breaks below $31.45, bearish momentum is expected to pick up speed. • Oscillators on daily and hourly charts continue to be in positive ground, backing the bullish scenario. Silver recently picked up momentum, drawing buyers near the $32.20 level, which has now turned into a level of support. The sentiment remains bullish, buoyed by increased interest in the precious metal as a safe-haven investment as global markets face continued uncertainty. Consequently, silver has demonstrated a consistent capability of holding its own and sustaining a relatively robust stance, with investors still confident about its prospects as a store of value. XAG/USD DAILY PRICE CHART CHART SOURCE: TradingView This support is reinforced by the overall market atmosphere, with silver still enjoying inflation worries, geopolitical tensions, and other economic fundamentals. As these global factors develop, silver is likely to continue its appeal to investors seeking stability. Although temporary correction might happen, the silver outlook remains upbeat, with its function as a safeguard asset likely to remain in demand in the months ahead. TECHNICAL ANALYSIS Silver (XAG/USD) is presently showing a bullish flag pattern, which indicates potential for additional upward movement. Price has found support in the $32.20 area, which has been a significant level for dip-buyers. Upside momentum is being shown in oscillators on daily and hourly charts, which indicates that the direction of least resistance is to the upside. Resistance levels around $33.00 and $33.15 might be short-term obstacles, but a breach of these levels can open the gates for higher price gains. In case silver plunges below $32.00, however, the bearish trend might reign supreme, ushering in an even larger correction. FORECAST Silver (XAG/USD) presents possibilities of ongoing upward trends with a bullish flag formation active and strong support present at the $32.20 area. If silver is able to overcome resistance levels at $33.00 and $33.15, it may prompt a rally towards the next target levels at $33.70 and $34.00. Positive market momentum, combined with supportive technical signals, indicates that the way ahead remains supportive of further gains, provided that global economic conditions continue to support precious metals as a safe-haven asset. On the downside, silver’s near-term support at $32.20 is important. A decline below this level may reveal additional weakness, possibly driving the price towards the $32.00 level. If silver drops below this level, the bearish situation becomes increasingly probable, with the next significant support area around $31.50-$31.45. A decline below this key area would most likely change the market sentiment to bearish, allowing for further losses. Traders will have to keep a close eye on this level for indications of trend reversal.

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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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