AI
| Followers | 0 |
| Posts | 148553 |
| Boards Moderated | 7 |
| Alias Born | 03/10/2004 |
Tuesday, March 25, 2025 1:13:49 PM
Silver (XAG) Forecast: Breakouts Above $33.45 Pivot as Safe-Haven Demand Sparks Rally
By: James Hyerczyk | March 25, 2025
Key Points:
• Silver breaks above $33.45 pivot, signaling bullish momentum with $34.24 and $35.40 now back in traders' sights.
• Weak U.S. consumer confidence data hits 12-year low, driving safe-haven demand for silver and gold.
• Fed rate cut expectations boost silver outlook as lower yields increase the metal’s appeal to risk-averse investors.
Silver Rebounds Sharply as Safe-Haven Demand Intensifies
Silver surged on Tuesday, reversing last week’s pullback, as weak U.S. consumer confidence data and tariff uncertainty fueled safe-haven buying. With the metal reclaiming ground above its key technical pivot, trader sentiment has turned bullish again, supported by broader macro risks and a constructive technical structure.
At 15.07 GMT, XAG/USD is trading $33.70, up $0.68 or +2.05%.
Technical Break Reinforces Bullish Case
Daily Silver (XAG/USD)
After briefly dipping to $32.66 last week, silver has regained the $33.45 pivot, which now serves as near-term support. The level is seen as a trigger for momentum trades, and a sustained move above it could drive a retest of the recent high at $34.24. A breakout above that zone would open the path toward resistance between $34.87 and $35.40. Conversely, a failure to hold $33.45 could expose the downside to the $32.53–$31.81 retracement range.
The 50-day moving average at $32.09 remains a key technical guidepost. Silver has respected this average since December, reinforcing its role as a broader trend indicator. As long as price action remains above it, technical traders will continue favoring the long side.
Silver Outlook: Bias Tilted to the Upside
With risk sentiment deteriorating and technicals aligned to the upside, silver remains positioned for further gains. A close above $34.24 would confirm bullish momentum, with traders eyeing $35.40 as a near-term target. Any dips toward $33.45 or $32.66 are likely to be viewed as buying opportunities, particularly if macro headwinds persist and gold continues to hold above $3,000.
Read Full Story »»»
DiscoverGold
By: James Hyerczyk | March 25, 2025
Key Points:
• Silver breaks above $33.45 pivot, signaling bullish momentum with $34.24 and $35.40 now back in traders' sights.
• Weak U.S. consumer confidence data hits 12-year low, driving safe-haven demand for silver and gold.
• Fed rate cut expectations boost silver outlook as lower yields increase the metal’s appeal to risk-averse investors.
Silver Rebounds Sharply as Safe-Haven Demand Intensifies
Silver surged on Tuesday, reversing last week’s pullback, as weak U.S. consumer confidence data and tariff uncertainty fueled safe-haven buying. With the metal reclaiming ground above its key technical pivot, trader sentiment has turned bullish again, supported by broader macro risks and a constructive technical structure.
At 15.07 GMT, XAG/USD is trading $33.70, up $0.68 or +2.05%.
Technical Break Reinforces Bullish Case
Daily Silver (XAG/USD)
After briefly dipping to $32.66 last week, silver has regained the $33.45 pivot, which now serves as near-term support. The level is seen as a trigger for momentum trades, and a sustained move above it could drive a retest of the recent high at $34.24. A breakout above that zone would open the path toward resistance between $34.87 and $35.40. Conversely, a failure to hold $33.45 could expose the downside to the $32.53–$31.81 retracement range.
The 50-day moving average at $32.09 remains a key technical guidepost. Silver has respected this average since December, reinforcing its role as a broader trend indicator. As long as price action remains above it, technical traders will continue favoring the long side.
Silver Outlook: Bias Tilted to the Upside
With risk sentiment deteriorating and technicals aligned to the upside, silver remains positioned for further gains. A close above $34.24 would confirm bullish momentum, with traders eyeing $35.40 as a near-term target. Any dips toward $33.45 or $32.66 are likely to be viewed as buying opportunities, particularly if macro headwinds persist and gold continues to hold above $3,000.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
