Silver Price Forecast: XAG/USD rises on USD weakness, geopolitical tensions
The Silver market has gapped higher on Tuesday to show continued strength on dips. At this point, silver is trying to break above the crucial $90 level.
The Silver price in US dollars extended its rebound on Tuesday, pushing back towards the 89 area after a sharp sell-off at the start of the week. Gains came as traders weighed fresh swings in risk appetite and energy prices against a still-firm US rate backdrop and a busy US inflation calendar ahead.
Silver price today: Silver rises, according to FXStreet data
Silver Price Forecast: XAG/USD rises to near $87.50 as Oil prices ease from highs
Silver holds near key moving-average support after a recent breakout, as traders watch for bullish confirmation and a potential continuation toward higher Fibonacci retracement targets.
Silver Price Forecast: XAG/USD surges above $86 as US Dollar retraces
Silver prices consolidate ahead of the CPI report as traders track oil near $100 and Fed rate cut odds. See the latest silver outlook and key 50-day moving average level.
While Brent crude surged 50% in ten days, silver sat quietly at $84 — coiled on top of the worst COMEX delivery crisis in exchange history.
The silver market fell to open the week, but has since seen a bit of a bounce, as the market continues to look at the $80 level as a massive point of inflection. Silver isn't gold, although both fell this morning.
Silver Price Forecast: XAG/USD recovers major early losses, outlook remains uncertain
Silver Miners (SIL): Identifying the next support zone