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

What is Silver?

Silver, a precious metal known for its industrial and investment demand, saw a notable increase in market activity today given the current economic uncertainty and trade war tensions.

Why is Silver going up?

XAG commodity is up 5.1% on Apr 7, 2025 11:08

• 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.

XAG Price Chart

XAG Technical Analysis

XAG News

Silver Remains Volatile Amid Economic Uncertainty

Silver traded around $30 per ounce on Monday, remaining volatile as investors continued to assess the impact of US President Donald Trump’s escalating trade war on the global economy. The metal lost as much as 16% in a span of just three sessions as the tariff-induced recession concerns triggered a widespread market selloff, prompting traders to unload precious metals to cover losses in other assets. After the White House announced sweeping tariffs on all countries last week, China decided to retaliate with its own levies on US goods, with other major economies expected to follow suit. Meanwhile, Trump’s new tariffs do not apply to copper, gold, energy, and certain minerals unavailable in the US. Despite the broader market slump, silver and other precious metals may receive renewed support as traders pile on bets for further Federal Reserve rate cuts this year.

Silver traded below 30 USD/t.oz

Silver decreased below 30, according to trading on a contract for difference (CFD).

Silver Tumbles on Trade War, Demand Concerns

Silver fell to $31 per ounce on Friday, the lowest level since January 29th, bringing weekly losses to over 9% as the escalating trade war fueled concerns over global demand and recession risks. China’s finance ministry announced on Friday that it would impose a 34% tariff on all U.S. goods starting April 10, retaliating against the duties imposed by the Trump administration earlier this week. Trump had announced on Wednesday a 10% baseline tariff on all imports, with higher rates targeting major economies, including China (54%), the EU (20%), Japan (24%), and India (27%). Equities and commodities took the hardest hit in the selloff, while investors flocked to safe-haven assets like government bonds. Despite the broader market slump, silver and other precious metals may receive renewed support as recession fears intensify, with traders increasingly pricing in potential Federal Reserve rate cuts in the months ahead.

Silver Falls Further Amid Widespread Selloff

Silver prices dropped to around $31.50 per ounce on Friday, bringing weekly losses to nearly 8% as global trade and economic worries triggered a widespread selloff across financial markets. The decline followed US President Donald Trump’s announcement of a 10% baseline tariff on all imports, with higher levies targeting major economies including China (54%), the EU (20%), Japan (24%), and India (27%). Affected nations have vowed to retaliate, stoking fears of a tariff-driven global economic slowdown. Equities and commodities bore the brunt of the selloff, while investors shifted toward safe-haven assets like government bonds. Still, silver and other precious metals may find renewed support as recession worries grow, with traders increasingly betting on Federal Reserve rate cuts in the coming months.

Silver Hits 4-week Low

Silver decreased to a 4-week low of 31.78 USD/t.oz. Over the past 4 weeks, Silver lost 0.12%, and in the last 12 months, it increased 18.88%.

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Silver Price History

20.09.2024 - XAG Commodity was up 6.3%

• Silver prices surged to nearly a 12-year high of $33 per ounce, driven by increased demand for safe-haven assets amidst uncertainties surrounding the upcoming US presidential election and escalating tensions in the Middle East.
• Positive economic data from China, the top global metals consumer, further boosted demand for silver, while the European Central Bank's rate cut aimed at controlling inflation also impacted the market positively.
• The rally in silver prices was also supported by a drop in Treasury yields, weak US manufacturing data, and expectations regarding the Federal Reserve's next move on interest rates, indicating a complex interplay of global economic factors influencing the precious metal's market movement.
• Overall, the bullish movement in silver can be attributed to a combination of geopolitical uncertainties, economic indicators, and market speculations, highlighting the metal's role as a safe-haven asset in times of global instability.

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.

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.

24.08.2024 - XAG Commodity was up 5.0%

• Silver experienced a strong bullish movement today, reaching $32.211 per ounce, up by 5%.
• The bullish trend can be attributed to the Federal Reserve's rate cut of 50 basis points, signaling potential further rate reductions and easing policies, which boosted investor confidence in silver as an alternative investment.
• Additionally, the weakening of the US dollar and expectations of policy easing in major economies like China further supported the bullish momentum for silver.
• The combination of these factors led to a surge in silver prices, highlighting the metal's sensitivity to macroeconomic events and monetary policy decisions.

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.

04.09.2024 - XAG Commodity was up 3.5%

• Silver price rose to $31.3 per ounce today, driven by increasing Middle East tensions and demand for safe-haven assets amid geopolitical uncertainties.
• Expectations of central bank interest rate cuts and financial support measures in China have further boosted silver prices.
• Previous declines in silver costs were attributed to profit-taking after hitting a ten-year high. However, the overall positive market sentiment remains strong due to geopolitical tensions and supportive central bank actions.

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.

18.09.2024 - XAG Commodity was up 5.1%

• Silver surged to a near 12-year high of $32.96 per ounce, driven by safe-haven demand amid uncertainties surrounding the upcoming US election and escalating tensions in the Middle East.
• The metal's rally was also supported by a drop in Treasury yields, weak US manufacturing data, and China's stimulus measures, all contributing to the appeal of non-yielding assets like silver.
• Volatility remained a key feature as investors closely monitored developments in China's stimulus announcements and speculated on the US Federal Reserve's stance on interest rate cuts, impacting the overall sentiment in the commodity market.
• Silver's upward trajectory underscores its role as a hedge against geopolitical risks and economic uncertainties, attracting investors seeking refuge in precious metals during times of market turbulence.

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.