Silver prices hit a 12-year high of $35.60 per ounce due to weak US economic data and expectations of a Federal Reserve rate cut. Learn why silver is surging and what’s driving market trends.
Spot Silver
Stay updated with real-time Spot Silver (XAG/USD) prices. Get expert analysis, charts, and my personal take on where silver is heading in today’s market.
Silver Reaches Its Highest Price in 12 Years
Silver is shining brighter than ever! The price of silver just hit $34.87 per troy ounce, the highest it’s been in 12 years. This exciting news has caught the attention of investors and people curious about precious metals. Let’s break down what’s happening and why silver is making such a big splash.
Silver Price Update: Trading Steady at $33.00
Discover the latest silver price update at $33.00, with key support and resistance levels, technical analysis, and buying/selling opportunities. Stay informed on XAG/USD trends.
Silver Price Forecast: XAG/USD Rises to Near $33.00
The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, has dropped over 1%, hovering around 98.00 — its lowest level since March 2022. The decline in the US Dollar is mirrored by a sharp drop in the 2-year US Treasury yield, which has fallen more than 1% to 3.75%.
Silver market outlook next week: Silver needs to hold above $34.40 to move towards $35.00
Silver market outlook next week—Silver Market Drivers: Industrial demand, particularly from green tech like solar panels, continues to grow, while supply remains tight—global silver deficits are projected to persist into 2025. Geopolitical uncertainty and a softening U.S. dollar (if Fed rate cuts continue) could further support precious metals. However, a stronger dollar or profit-taking could cap gains.
Silver: The possibility of spot buying is increasing day by day
Silver breakout in the previous session fueled strong price action (+3.5% close/close in SIH5) associated with multiple consecutive CTA (Call To Action) buying events that ultimately increased their net long to 70%, equivalent to +13% of the CTA’s maximum size, as repeated whipsaws diminished the strength of the trend signal.
Spot silver above $30.50, expected target price $32.00——$32.35
Spot silver: If you want to invest in physical silver, you may be wondering how to get the best possible price. Although prices can vary depending on a number of factors, there are some guidelines that can help ensure you get the best possible price when it comes to buying silver.
Silver price today: Silver Rises
Silver prices (White Metal) rose on Monday, according to data. Silver trades at $29.77 per troy ounce, up 0.53% from the $29.61 it cost on Friday.
Spot Silver Gains on China Stimulus Plans
Spot Silver prices traded near $32 per ounce on Tuesday, staying close to one-month highs as Chinese policymakers unveiled plans for additional economic stimulus, boosting the demand outlook in the world’s top metals consumer.
Spot Silver Loses Grip Below $31.50
The Spot silver price drifts lower to around $31.20, snapping the two-day winning streak during the early European session on Thursday. The cautious stance on cutting rates by the Federal Reserve (Fed) weighs on the white metal.