Silver ($XAG) Commodity Forecast: Up 2.3% Today

What is Silver?

Silver is a precious metal valued for its diverse utility as both a precious asset and an industrial resource, making it sensitive to broader economic conditions. It is frequently sought after as a reliable investment option during periods of global and financial uncertainty.

Why is Silver going up?

XAG commodity is up 2.3% on Apr 23, 2025 14:51

• 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.

XAG Price Chart

XAG Technical Analysis

XAG News

Silver Rises Amid Broad Rally in Commodities

Silver rose 1% toward $33 per ounce on Wednesday, recouping losses from the previous session and tracking a broader rally in commodities amid signs of easing US-China trade tensions. The white metal also decoupled from gold, which pulled back from record highs amid waning demand for safe-haven assets. Instead, silver benefited from its dual role as both a precious and industrial metal, making it more responsive to improving macroeconomic conditions. Investor optimism was sparked after US President Donald Trump downplayed the scale of future tariffs on Chinese imports, saying they “won’t be anywhere near as high as 145%,” though he clarified they “won’t be 0%” either. Further lifting market sentiment, Trump affirmed he has no plans to remove Federal Reserve Chair Jerome Powell, easing concerns about central bank independence and policy direction.

Silver Pulls Back on Profit-Taking

Silver prices slipped nearly 1% to around $32.30 per ounce on Tuesday, as investors locked in profits following a strong rally in precious metals. The pullback came after recent gains driven by safe-haven demand amid rising fears over the global economic impact of escalating trade tensions. Market sentiment was weighed down by stalled US-China trade negotiations, with Beijing accusing Washington of abusing tariffs and cautioning other countries against one-sided deals. Meanwhile, President Donald Trump’s calls for immediate interest rate cuts—and threats to remove Federal Reserve Chair Jerome Powell—heightened concerns over the Fed’s independence and further eroded investor confidence in US assets. Despite the retreat, silver remains elevated, supported by broader uncertainty in financial markets and continued demand for hedges against geopolitical and policy risks.

Silver Rises as Weaker Dollar Spurs Safe-Haven Demand

Silver prices rose nearly 1% to around $32.80 per ounce on Monday, bouncing back from the previous session’s losses as a weakening US dollar reignited safe-haven demand. The greenback came under pressure amid escalating concerns over US economic policy direction and the independence of the Federal Reserve. Investor anxiety intensified after President Donald Trump threatened to fire Fed Chair Jerome Powell, raising fears of political interference in monetary policy and undermining confidence in the central bank’s autonomy. Adding to the risk-off mood were heightened US-China trade tensions, with China rejecting what it called US “trade bullying” and warning other countries against making concessions at its expense. The broader uncertainty helped lift silver, which is often sought as a store of value during times of geopolitical and financial instability.

Silver Pulls Back as Traders Lock In Gains

Silver prices fell to around $32.50 per ounce on Thursday, easing from two-week highs as traders booked profits following a strong rally in precious metals. Precious metals surged in recent sessions, with gold scaling new all-time highs as global trade uncertainties and broader economic concerns boosted safe-haven demand. This week, President Trump intensified the trade war, ordering a probe into potential new tariffs on critical mineral imports, semiconductors, and pharmaceutical goods. Meanwhile, China has expressed conditional openness to renewed trade talks, calling for greater respect, consistent policy signals, and a designated U.S. negotiator with full backing from President Trump. Fed Chair Jerome Powell added to market caution, warning that tariffs could stoke inflation and dampen growth, complicating the Fed’s dual mandate. Powell also indicated the central bank is in no rush to cut interest rates, citing the need for more data before adjusting policy.

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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.

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.

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.

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.

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.