Created
: 2025.04.02
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Silver Price Forecast: XAG/USD jumps above $33.50 amid looming Trump tariff
World FX news
Breaking news
Silver Price Forecast: XAG/USD jumps above $33.50 amid looming Trump tariff
New
2025.04.02 13:55
2025.04.02 13:55
2025.04.02 13:55
- Silver price gains momentum to near $33.85 in Wednesday's Asian session.
- The positive view of Silver prevails above the key 100-day EMA with the bullish RSI indicator.
- The immediate resistance level emerges at $34.23; the first support level to watch is $32.92.
The Silver price (XAG/USD) attracts some buyers to around $33.85 during the early European session on Wednesday. The concerns over US President Donald Trump's tariff plans widening the global trade war and triggering an economic slowdown boost the safe-haven flows, supporting the Silver price. Investors brace for US President Donald Trump's announcement of reciprocal tariffs later on Wednesday.
Technically, the bullish trend of Silver remains in play as the commodity is well-supported above the key 100-day Exponential Moving Average (EMA) on the daily chart. The upward momentum is reinforced by the 14-day Relative Strength Index (RSI), which stands above the midline near 57.80, displaying bullish momentum in the near term.
The first upside target for white metal emerges at $34.23, the high of March 18. Extended gains could see a rally to the $34.60-$34.70 zone, representing the high of March 28 and the upper boundary of the Bollinger Band. The additional upside filter to watch is the $35.00 psychological level.
On the other hand, the first downside target for the silver price is seen at $32.92, the low of March 25. Sustained trading below the mentioned level could see a drop to the next contention level at $31.86, the 100-day EMA. Any follow-through selling could expose $30.82, the low of February 28.
Silver price (XAG/USD) Daily Chart
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply - Silver is much more abundant than Gold - and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals - more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers' demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
Last updated
: 2025.04.02
Related articles
Silver Price Forecast: XAG/USD falls to near $33.00, further consolidation cannot be ruled out
46 minutes agoGold price buying remains unabated; fresh record highs being set amid risk-off mood
2025.04.03 13:26Gold price seesaws above $3,100 as Trump announces tariffs
2025.04.03 05:23Gold holds near all-time high, eyes on Trump's tariff reveal
2025.04.03 04:41Silver Price Forecast: XAG/USD jumps to near $34 as Trump's tariff plan improves safe-haven demand
2025.04.02 20:50Silver price today: Silver rises, according to FXStreet data
2025.04.02 18:31
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
ECB's de Guindos: This uncertainty means we need to be extremely
European Central Bank (ECB) Vice President Luis de Guindos said on Thursday, "in terms of monetary policy, this uncertainty means we need to be extremely prudent when determining the appropriate stance."
New
2025.04.03 16:40ECB's Stournaras: US tariffs not an obstacle to April rate cut
European Central Bank (ECB) policymaker Yannis Stournaras said on Thursday, "US tariffs not an obstacle to April rate cut."
New
2025.04.03 16:35Silver Price Forecast: XAG/USD falls to near $33.00, further consolidation cannot be ruled out
The Silver price (XAG/USD) falls to near $33.15 during the early European session on Thursday, pressured by some profit-taking.
New
2025.04.03 16:00ECB's Nagel: Will have to reassess the situation
European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said on Thursday that "the ECB will have to reassess the situation."
New
2025.04.03 15:52EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Thursday, according to FXStreet data.
New
2025.04.03 15:51EUR/USD gathers strength to near 1.0950 after Trump tariff announcement
The EUR/USD pair climbs to around 1.0950 during the early Asian session on Thursday.
New
2025.04.03 14:48GBP/USD Price Forecast: Sticks to strong gains near multi-month top, above mid-1.3000s
The GBP/USD pair gains strong follow-through positive traction for the second successive day on Thursday and advances to its highest level since October 2024 during the Asian session.
New
2025.04.03 14:07Gold price buying remains unabated; fresh record highs being set amid risk-off mood
Gold price (XAU/USD) shot to a fresh record high during the Asian session on Thursday as investors rushed to take refuge in traditional safe-haven assets amid the risk-off impulse.
New
2025.04.03 13:26EC President von der Leyen: US tariffs are a major blow to the world economy
European Commission President Ursula von der Leyen responded to US President Donald Trump's 'reciprocal tariffs' on Thursday, noting that "US tariffs are a major blow to the world economy."
New
2025.04.03 12:37USD/INR jumps as Trump imposes a 26% tariff directed at India
The Indian Rupee (INR) remains under selling pressure on Thursday, pressured by the weakening in Asian equity and currency markets after US President Donald Trump imposed broad-based tariffs.
New
2025.04.03 12:29Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
