India raises import tariffs on Gold and Silver to 15% - Reuters
Silver Price Forecast: XAG/USD advances to near $87.00 on rising industrial demand
Recent price action in silver has been particularly relevant, as over the last five trading sessions XAG/USD has posted a significant gain, accumulating an increase of more than 18% over this period.
Silver Price Forecast: Bulls eye $90.00 as momentum surges
Silver price declines as hot US inflation bolsters Dollar despite industrial support
The silver market tried to rise on Tuesday, but the rising rates in America have put a bit of a weight around the neck of silver.
Silver: Industrial support and volatility risks – Commerzbank
Markets are reacting to the rise in US inflation data, with CPI at 3.8%, last seen in 2023, reinforcing a higher-for-longer rate environment.
Silver: Tentative breakout above resistance – OCBC
The short‑term Elliott Wave view in Silver (XAGUSD) indicates a constructive bullish sequence after the break above the April 17 peak at 83.05. That move confirmed a higher‑high structure and reinforced the upward bias.
Silver Price Forecast: XAG/USD trades firmly near two-month high of $86.50 ahead of US CPI
On Monday, Silver exploded higher by more than $6 an ounce at its peak, marking its biggest single-day surge since February. But the most important part of the move may not be the size of the rally itself.