Silver continues to be very noisy on Monday, as interest rates continue to be an issue. This is a market that will continue to be dangerous if you are too big in it.
Silver slips as oil surge lifts dollar and yields, pressuring prices. Strong China demand and supply deficit limit downside, keeping long-term outlook supported.
Silver price today: Silver falls, according to FXStreet data
Gold and silver remain under pressure as rising oil prices, Strait of Hormuz tensions, a stronger U.S. dollar and higher Treasury yields keep both metals trapped between geopolitical support and macroeconomic headwinds.
Silver rally lifts XAG to March 13 high as dollar weakens and oil drops. Silver outlook hinges on DXY, crude and ceasefire stability next week.
Silver has corrected sharply from its record high, but as long as the $50 to $60 support zone holds, the broader bullish structure, persistent market deficit, lingering liquidity risk, and stronger demand from renewables and electrification continue to favor another major rally.
Silver Price Forecast: Bullish and poised to end above $81
Silver continues to see buyers on dips, and with the Iranians announcing they are allowing the Strait of Hormuz to be traveled, it has seen interest rates in the US drop, which provides “rocket fuel” for silver.
Silver continues to threaten the $80 level on Friday, as the markets are moving on interest rates, and the latest headlines about the war or ceasefire. Choppiness is probably going to be the way forward in the meantime.
Silver Price Forecast: XAG/USD rebounds above $79 as weaker US Dollar supports demand
Silver market edges higher but lacks momentum as firm yields and a stable dollar cap gains. Silver outlook hinges on 50-day MA and fresh catalysts.
Silver Price Forecast: XAG/USD wobbles near $79, investors await US-Iran second round talks