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: 2025.07.23
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Silver Price Forecast: XAG/USD trades above $39.00, reaches fresh 14-year highs
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Silver Price Forecast: XAG/USD trades above $39.00, reaches fresh 14-year highs
New
2025.07.23 13:37
2025.07.23 13:37
2025.07.23 13:37
- Silver price has marked $39.39, the highest since September 2011, on Wednesday.
- The price of Silver inches lower as recent trade developments have dampened safe-haven demand.
- Trump announced a trade agreement with Japan that imposes a 15% tariff on Japanese exports to the US.
Silver price (XAG/USD) edges lower after reaching $39.39, the highest since September 2011, and currently trading around $39.20 per troy ounce during the Asian session on Wednesday. The price of Silver comes under pressure due to dampened safe-haven demand, driven by a wave of trade deals.
United States (US) President Donald Trump announced a trade deal with Japan that includes a 15% tariff on Japanese exports to the US. As part of the agreement, Japan will invest $550 billion in the US and open its markets to key American products.
President Trump said during a meeting with the Philippines President Bongbong Marcos on Tuesday that "I think we will get a trade deal; we're close to a trade deal." I don't mind if the Philippines gets along with China, he added.
On Tuesday, US Treasury Secretary Scott Bessent announced that American and Chinese officials will meet in Stockholm next week for a third round of high-level talks. The meeting follows his recent in-person discussions with Chinese Vice Premier He Lifeng in Geneva and London, as both sides work toward extending the current pause in trade tensions beyond mid-August.
The European Union (EU) continues to seek a trade pact with the United States. However, the bloc is preparing retaliatory measures as Trump's hardline stance heightens the risk of a no-deal outcome. The European Central Bank (ECB) is expected to hold interest rates steady at 2.0% on Thursday after a series of rate cuts.
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
: 2025.07.23
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Silver Price Forecast: XAG/USD treads water near multi-year highs amid cautious optimism
Silver (XAG/USD) is treading water on Wednesday after a sharp two-day run to mark fresh multi-year highs. The metal consolidating just below the key $39.50 mark during the American trading hours.
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2025.07.23 22:19Gold rally pauses as US-Japan deal offers temporary relief, Fed pressure and EU risks linger
Gold (XAU/USD is undergoing a modest pullback on Wednesday, as markets assess the implications of a United States (US)-Japan trade agreement and remain cautious ahead of further developments in the European Union (EU)-US negotiations.
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2025.07.23 21:32US Dollar steadies as markets weigh US-Japan deal
The US Dollar (USD) steadies on Wednesday after a rough three-day decline. Traders seem to be taking a breather as tensions around global trade ease somewhat after the US and Japan reached a trade deal ahead of the looming August 1 tariff deadline.
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2025.07.23 21:28AUD/JPY pulls back from intra-day highs at 96.65, despite the favourable risk sentiment
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2025.07.23 20:46US Treasury Sec. Bessent: Not in a rush to nominate Powell's replacement
In an interview with Bloomberg TV on Wednesday, United States (US) Treasury Secretary Scott Bessent noted that they are not in a rush to nominate a new Federal Reserve (Fed) chair to replace Chairman Jerome Powell.
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2025.07.23 20:43Gold Price Forecast: XAU/USD eyes triangle breakout, aims to revisit all-time highs around $3,500
Gold price (XAU/USD) trades firmly above $3,400 during the European trading session on Wednesday, the highest level seen in over five weeks. The precious metal strengthens as global trade tensions continue to persist even as the United States (US) has confirmed a trade agreement with Japan.
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2025.07.23 20:39JPY trade relief is tempered by political risk - Scotiabank
The Japanese Yen (JPY) is up a marginal 0.1% against the US Dollar (USD) as market participants temper their response to the announcement of a US/Japan trade agreement amid uncertainty surrounding PM Ishiba's political future, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.07.23 20:32GBP: Few domestic developments ahead PMI's Thursday - Scotiabank
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2025.07.23 20:30EUR is underperforming on the day - Scotiabank
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2025.07.23 20:28CAD extends gains on soft USD - Scotiabank
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2025.07.23 20:26Disclaimer:
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