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.
Gold and Silver rally as a weak US dollar and falling oil prices support demand, while geopolitical tensions and improving sentiment keep the bullish trend intact.
Silver Price Forecast: XAG/USD corrects from one-month top, bullish bias intact near $80.00
Silver Price Forecast: XAG/USD jumps near $79 as Dollar weakens on softer US inflation
Silver has rallied a bit early on Tuesday to pierce the 50-day EMA, a sign that perhaps the buyers are still reaching the $80 level soon.
A double supply shock is building beneath the surface of the Silver market—and prices are starting to respond. While the broader metals complex is supported by Dollar weakness today, Silver is clearly outperforming Gold as traders begin to price in tightening supply conditions linked to sulphur shortages and China's export restrictions.