Silver ($XAG) Commodity Forecast: Up 5.1% Today

What is Silver?

Silver, a precious metal known for its industrial and investment uses, experienced a bullish movement today amidst global trade tensions and economic uncertainty.

Why is Silver going up?

XAG commodity is up 5.1% on Jun 2, 2025 19:40

• Silver prices surged by 5% to $34.639 per ounce, driven by escalating trade tensions between the US and China, with President Trump's announcement of increased tariffs on steel and aluminum imports contributing to market uncertainty.
• The ongoing legal battles over trade policies, including court rulings on tariffs, have added to the volatility in silver prices, prompting investors to seek safe-haven assets.
• Despite a late pullback in May, silver managed to end the month with a 1.8% gain as investors monitored US trade policy developments and key economic data releases, highlighting the metal's role as a hedge against market fluctuations.
• The Federal Reserve's cautious stance on interest rates and concerns over inflation and unemployment risks, as indicated in meeting minutes, also influenced silver prices as investors sought stability in uncertain economic conditions.

XAG Price Chart

XAG Technical Analysis

XAG News

Silver is up by 5%

Silver increased 5% to 34.639 USD/t.oz

Silver Prices Climb on Renewed Trade Tensions

Silver prices rose over 1% to around $33.40 per ounce on Monday, approaching two-month highs as escalating global trade tensions boosted demand for safe-haven assets. The move came after US President Donald Trump announced plans late Friday to double tariffs on steel and aluminum imports to 50%, effective June 4. China also rejected Trump’s claims that it breached a trade agreement reached in Geneva last month—casting further doubt on the prospect of a call between Trump and Chinese President Xi Jinping. The tariff announcement also comes amid an ongoing legal battle over the legality of Trump’s trade actions. While a federal court had initially blocked some of the tariffs, an appeals court recently reinstated them, allowing the case to proceed. With uncertainty rising over global trade policy and its potential economic fallout, investors turned to precious metals as a hedge, driving silver prices higher alongside gains in gold.

Silver Ends Strong May Despite Late Pullback

Silver futures slipped to $33.20 per ounce in the final trading session of May but remained on track for a 1.8% monthly gain, as investors weighed renewed uncertainty surrounding US trade policy and a slate of key economic data releases. Tensions between the US and China escalated after President Trump accused Beijing of violating the tariff truce agreed just weeks earlier in Geneva, though he offered no specifics. Adding to the uncertainty, Trade Secretary Bessent stated that talks between the two nations were "a bit stalled," suggesting further progress may now depend on direct negotiations between national leaders. On the economic front, the core PCE price index—the Federal Reserve's preferred inflation gauge—rose by 0.1% in April, in line with expectations. However, consumer spending growth slowed sharply to 0.2%, also matching forecasts but indicating weakening momentum.

Silver Slips Ahead of US PCE Inflation Data

Silver prices eased toward $33 per ounce on Friday, pulling back from recent highs as investors turned cautious ahead of the release of the US PCE price index report, which could influence the Federal Reserve’s interest rate plans. San Francisco Fed President Mary Daly reiterated that while the Fed could still cut rates twice this year, it remains prudent to hold steady for now to ensure inflation continues its path toward the 2% target. On the trade front, sentiment was weighed down after a US appeals court reinstated President Donald Trump’s reciprocal tariffs, reversing a previous lower court ruling. Additionally, Treasury Secretary Scott Bessent acknowledged that US-China trade talks are "a bit stalled," hinting that a breakthrough may now require direct engagement between the countries’ leaders.

Silver Rises Amid US Tariff Ruling

Silver prices climbed to around $33.20 per ounce on Thursday, rebounding from the previous session’s losses and diverging from a decline in gold prices. The move came as investors responded to a US federal court ruling that blocked President Donald Trump’s reciprocal tariffs, easing trade-related uncertainties. The US Court of International Trade ruled that Trump had exceeded his authority in imposing the tariffs, ordering the measures to be vacated and permanently enjoined. While the Trump administration is expected to appeal, the decision marked a significant setback for the president’s tariff-driven trade policy. Meanwhile, minutes from the Federal Reserve’s May meeting indicated that policymakers are adopting a cautious, wait-and-see approach as they evaluate the economic effects of recent government actions, including trade measures. Officials also acknowledged rising risks of both inflation and unemployment.

Trending Today

Silver Price History

06.00.2025 - XAG Commodity was down 0.1%

• The recent downward trend in the silver market is linked to worries about a more aggressive stance from the Federal Reserve and uncertain industrial demand for silver.
• Projections by the Federal Reserve indicating a potential decrease in rate cuts in the upcoming year prompted investors to reduce exposure to non-interest-bearing bullion assets, resulting in a negative impact on silver prices.
• Feeble manufacturing figures coming from China and excessive capacity in the solar panel sector further intensified the pressure on silver prices, constraining the forecast for demand from vital industrial segments.
• Despite previous instances of positive economic prospects and safe-haven interest, the current market shift highlights the influence of specific factors such as Federal Reserve policy forecasts and uncertainties regarding industrial demand on silver prices.

10.03.2025 - XAG Commodity was up 5.2%

• Silver prices surged over 3% to trade above $30.50 per ounce as investors sought refuge in safe-haven assets due to growing uncertainties surrounding global growth and inflation, particularly driven by the sharp escalation in U.S.-China trade tensions.
• The announcement of a 90-day tariff pause by President Trump, along with reduced rates for most countries except China, contributed to the bullish movement in silver prices, as investors reacted positively to the potential easing of global trade tensions.
• The rebound in silver prices from a two-month low was fueled by heightened safe-haven demand amid concerns over a prolonged standoff between the U.S. and China, with both countries increasing tariffs on each other's goods, leading to fears of a tariff-induced global recession.
• Despite remaining volatile and facing pressure from market uncertainties, including fears of stagflation and potential further Federal Reserve rate cuts, silver managed to stabilize above $30 per ounce as investors continued to navigate shifting global trade dynamics and their impact on economic and inflation expectations.

07.03.2025 - XAG Commodity was up 5.1%

• The spike in silver's market performance today is believed to be influenced by investors turning to safe-haven assets like precious metals, with silver being a favored choice, amidst escalating global trade tensions and growing fears of a recession.
• Recent price volatility and fluctuations below the $30 per ounce mark are thought to be a result of the ramifications of trade policies initiated by US President Donald Trump, particularly with China responding with tariffs and the likelihood of other major economies following suit.
• Despite the overall market decline and apprehensions regarding global consumption, silver and other precious metals are expected to maintain their value as traders speculate on potential Federal Reserve rate adjustments in light of ongoing economic difficulties.
• Silver's ability to withstand market turbulence underscores its reputation as a traditional safe-haven asset during uncertain economic times, attracting investors seeking a secure option amidst unstable market environments.

04.03.2025 - XAG Commodity was down 5.2%

• Silver experienced a strong bearish movement due to escalating trade tensions and concerns over global demand and recession risks.
• The announcement of tariffs by President Trump on major economies like China, the EU, Japan, and India led to a selloff in equities and commodities, including silver.
• Despite the broader market slump, silver and other precious metals may see support as recession fears intensify, with traders anticipating potential Federal Reserve rate cuts in the future.
• The market movement of silver reflects the impact of geopolitical events and trade policies on commodity prices, highlighting the interconnected nature of global markets.

04.03.2025 - XAG Commodity was down 5.5%

• Silver prices dropped significantly today due to a widespread selloff across financial markets triggered by global trade and economic worries, particularly in response to recent announcements on import tariffs.
• The fear of a tariff-driven global economic slowdown led investors to shift towards safe-haven assets like government bonds, causing a bearish movement in silver prices.
• Despite the current bearish trend, silver and other precious metals may see renewed support as recession worries grow, with traders increasingly betting on potential rate cuts by central banks in the near future.
• The market movement of silver today reflects the impact of geopolitical tensions and trade uncertainties on commodity prices, highlighting the importance of monitoring global economic developments for potential investment opportunities.

06.10.2024 - XAG Commodity was down 5.4%

• Silver prices experienced a bearish movement due to the following reasons:
• The stronger US dollar following early US election results favoring the Republican candidate Donald Trump led to a decrease in demand for safe-haven assets like silver.
• Speculation around the US election outcome and potential market impact, as well as anticipation of the Federal Reserve's policy decisions, contributed to cautious market sentiment.
• Reports of potential fiscal stimulus measures in China and monetary policy decisions in various major economies added to the uncertainty, impacting silver prices negatively.
• The overall economic data, including US jobs creation and global borrowing costs, influenced market expectations and investor behavior, leading to a decline in silver prices.

02.05.2025 - XAG Commodity was up 5.1%

• Silver prices surged by 5% to $34.639 per ounce, driven by escalating trade tensions between the US and China, with President Trump's announcement of increased tariffs on steel and aluminum imports contributing to market uncertainty.
• The ongoing legal battles over trade policies, including court rulings on tariffs, have added to the volatility in silver prices, prompting investors to seek safe-haven assets.
• Despite a late pullback in May, silver managed to end the month with a 1.8% gain as investors monitored US trade policy developments and key economic data releases, highlighting the metal's role as a hedge against market fluctuations.
• The Federal Reserve's cautious stance on interest rates and concerns over inflation and unemployment risks, as indicated in meeting minutes, also influenced silver prices as investors sought stability in uncertain economic conditions.

23.03.2025 - XAG Commodity was up 2.3%

• Silver demonstrated significant positive momentum today, surging to $33 per ounce, supported by a general upswing in commodity prices and indications of reduced trade tensions between the US and China.
• The metal's unique characteristics as both a precious and industrial metal played a key role in its robust performance, surpassing gold which saw a decline after hitting record highs due to lower demand for safe havens.
• Investor confidence was bolstered by statements from President Trump regarding upcoming tariffs and reassurances from Federal Reserve Chair Jerome Powell, easing worries about the independence and trajectory of monetary policies.
• The depreciation of the US dollar and escalating trade disputes further boosted silver's value, underscoring its attractiveness as a safe-haven asset in the face of global economic and geopolitical instabilities.

12.04.2025 - XAG Commodity was down 1.5%

• Silver prices took a hit as optimism surrounding US-China trade talks increased, leading to reduced demand for safe-haven assets like silver.
• The potential progress in trade negotiations and the announcement of a preliminary trade deal between the US and the UK shifted market sentiment towards risk-on assets, impacting the demand for silver negatively.
• Federal Reserve's decision to maintain interest rates and the cautious stance adopted by Chair Jerome Powell further influenced the market, with investors turning away from safe-haven assets like silver.
• The overall market movement suggests that silver prices are highly sensitive to geopolitical developments and macroeconomic factors, with trade tensions and central bank policies playing a significant role in shaping investor sentiment towards the metal.

03.03.2025 - XAG Commodity was down 5.1%

• Silver faced downward pressure today, dipping below the $33.50 per ounce mark.
• The market shift is linked to the uncertainties revolving around President Trump's trade policies and their potential repercussions on the global trade landscape.
• Mixed signals surrounding the tariffs and their impacts created instability among investors, prompting a widespread sell-off in various commodities, silver included.
• Traders are keeping a close watch on the upcoming nonfarm payroll update scheduled for Friday, expecting it to offer insights into the economic landscape that could steer silver prices in the immediate future.

03.03.2025 - XAG Commodity was down 5.7%

• Silver prices dropped as markets reacted to Trump's tariffs, causing a broad selloff in commodities and weakening industrial demand for silver.
• The announcement of reciprocal tariffs by President Trump led to concerns about an escalating global trade war, prompting investors to seek safe-haven assets like gold instead of silver.
• Despite Silver's recent bearish movement, its long-term performance has been positive, with a notable increase of 18.88% over the last 12 months.

04.03.2025 - XAG Commodity was down 7.0%

• Silver prices plummeted below $30 per ounce due to escalating trade tensions and concerns over global demand, marking a weekly loss of over 9%.
• The announcement of tariffs by US President Donald Trump, targeting major economies like China, the EU, Japan, and India, sparked fears of a tariff-driven global economic slowdown, leading to a widespread selloff in equities and commodities.
• Despite the market turmoil, safe-haven assets like government bonds saw increased interest, while silver and other precious metals may see support as recession fears rise and traders anticipate potential Federal Reserve rate cuts in the near future.