Silver continues to balance between its dual role as an industrial metal and so-called refuge asset, and this combination largely explains the lack of a clear trend in recent weeks. Shifting expectations for central bank interest rates can influence the appeal of a non-yielding asset such as silver, while the structural supply deficit remains supported by growing investment demand, offsetting more subdued industrial consumption.
Silver Price Forecast: XAG/USD surges to near $58.20 as oil price rally hits pause
Silver has bounced from a key confluence support zone, but confirmation above wedge resistance is needed before a broader recovery can challenge higher resistance levels.
Silver Price Forecast: XAG/USD attempts to stabilize above $55.00
Silver continues to see bottom fishing early on Monday, as we continue to see a lot of questions asked of the overall market consensus.
Silver climbs near $57 despite renewed Fed rate hike expectations
Silver briefly slipped below the key $55 level on Friday but quickly regained its footing as the new week began, despite Brent crude gapping above $90 following another escalation in the US-Iran conflict. The lack of additional selling is notable.
Silver price today: Silver rises, according to FXStreet data
XAGUSD (The Silver) finds a bounce XAGUSD (The Silver) halts the ongoing bearish rally as the recent pullback is hampering efforts of a further drop. The precious metal slightly licks it wounds by testing the support of 55.00.
Silver Price Forecast: XAG/USD bulls await breakout through trend-line hurdle near $57.25
Gold and silver remain under pressure near key support levels as higher oil prices and stronger interest-rate expectations weigh on precious metals.
Silver Price Forecast: XAG/USD rises toward $57.00 despite Fed hike bets