- The silver price is above $ 33, as federal policy makers see the remaining interest rates in the current range of 4.25 % -4.50 %.
- Federal reserve officials are struggling to measure the effect of Trump’s economic agenda on the economy.
- The broader view of the silver price is still fixed amid the tariff agenda in Trump.
The Silver Price (XAG/USD) faces higher pressure than the main level of $ 33.00 in the trading hours in North America on Friday. The white metal falls with the US dollar (USD) with Federal Reserve (Federal Reserve) officials continue to direct the position of restrictions. The US dollar index (DXY), which tracks the value of Greenback for six main currencies, advances to approximately 106.75.
On Thursday, Federal Reserve Governor Adriana Kogler said that the central bank should continue borrowing Rates “Popular” for “some time”, noting the net impact of new economic policies by the President of the United States (United States) Donald Trump “is very certain” and will depend on “details”.
The Federal Reserve scenario maintains a restricted interest rate position badly for precious metals such as silver price.
Meanwhile, President Trump’s introductory fears will maintain the silver price on the feet. Trump announced on Thursday that it could impose a tariff on wood products, forests, cars, pharmaceutical preparations and semi -conductors during the next month or sooner. Market participants expect that the Trump tariff agenda will lead to a global economic slowdown.
Investors also focus on development in Russia and the United States talks to end the war in Ukraine. this weekDonald Trump has agreed to hold more talks with Russian leader Vladimir Putin for negotiations for a truce with Ukraine. The positive result of peace talks would weaken the safe call of the silver price.
Silver technical analysis
The price of silver aims to reconsider the highest level in three months of $ 33.40, which was published on February 14. Expectations From the white metal, the ups of the Si -SISE for 50 days (EMA) tended to the top, which trades about $ 31.33.
The relative strength index fluctuates for 14 days (RSI) in the range of 60.00-80.00, indicating that the momentum is strongly optimistic.
If we look down, the upper trend of August 8 at $ 26.45 will work as a major support for silver The price is about $ 30.00. While the highest level on October 22 of $ 34.87 will be the main barrier.
Silver daily chart
Common silver questions
Silver is very precious metals circulating among investors. It has been used historically as a value of value and amid exchange. Although it is less popular than gold, merchants may turn to silver to diversify their investment portfolio, compared to its fundamental value or as a possible hedge during high inflation periods. Investors can buy physical silver, in coins or in bars, or circulate through vehicles such as the boxes circulating in Excination, which follow their price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of deep stagnation can make the price of silver escalating due to its safe position, although it is less than gold. As an inappropriate origin, silver tends to rise with low interest rates. Its movements also depend on how the US dollar (USD) is spent as the origin is priced in dollars (XAG/USD). The strong dollar tends to maintain the price of silver in the Gulf, while the dollar is likely to pay the weakest prices. Other factors such as demand for investment and mining offer – silver is much more abundant than gold – recycling rates can also affect prices.
Silver is widely used in the industry, especially in sectors such as electronics or solar energy, as it contains one of the highest electrical conductivity for all minerals – more than copper and gold. High demand in demand can increase prices, while the decline tends to reduce them. The dynamics in the United States and Chinese and Indian economies can contribute to price fluctuations: for the United States, especially China, its large industrial sectors use silver in various operations; In India, consumer demand for the precious jewelry also plays a major role in setting prices.
Silver prices tend to follow gold movements. When gold prices rise, silver usually follows its example, as its position as the similar safe origins. The percentage of gold/silver, which shows the number of ounces of silver needed to equal the value of one ounce of gold, to determine the relative evaluation between both minerals. Some investors may consider a high percentage as an indication that silver is dense with less than its value, or that gold is exaggerated. On the contrary, the low percentage may indicate that gold is less valuable for silver.
2025-02-21 13:31:31