Silver edges lower as US‑Iran talks, Fed caution weigh on safe‑haven demand
Silver continues to test a major resistance barrier in the form of the $80 level. At this point, I favor pullbacks as buying opportunities.
Silver holds above 50-day MA with support from weak dollar and yields, but lacks momentum. Price prediction hinges on rising Fed rate cut expectations.
Silver holds above 50-day MA with support from weak dollar and yields, but lacks momentum. Price prediction hinges on rising Fed rate cut expectations.
Silver Price Forecast: XAG/USD approaches four-week high near $81 on Iran optimism
March CPI printed 3.3% — the highest reading since May 2024 — while Q4 GDP came in at 0.5%. Inflation above target.
Silver Price Forecast: XAG/USD tests channel resistance near one-month highs on the 4-hour chart
The silver market initially looked positive on Wednesday but gave back gains as the market might be somewhat overextended. Silver will continue to move based on interest rates, so make sure to watch them.
Silver price today: Silver falls, according to FXStreet data
Silver Price Forecast: XAG/USD struggles around $81 while outlook remains firm on Iran optimism
Silver (XAGUSD) rallied to $121.6 on January 29 before entering a sharp decline that reached $60.87. We identified that decline as wave (IV) in the Super Cycle degree, and the broader structure continues to support a constructive long‑term outlook.
Markets have spent weeks moving towards pricing an end to the Iran war, especially across riskier asset classes which have effectively retraced the entire initial drawdown as if the event never took place. Looking at price action over the past six months, and particularly since the war began, gold and silver are now trading more like assets at the extreme outer reaches of the risk spectrum rather than anything resembling a haven.