- The silver price bounces at the lowest level during the day of $ 32.50, as the market feeling slightly cautious about Trump’s tariff threats.
- The United States Trump confirms more peace talks in Russia, Ukraine.
- Investors are waiting for FOMC minutes for new guidelines about monetary policy expectations.
The silver price (Xag/USD) regains its losses inside the day and turns to about $ 33.00 in the trading hours in North America on Wednesday. The white metal returns to the back, as its safe attract US (United States) President Donald Trump.
President Trump threatened to impose a 25 % tariff fees on cars, pharmaceutical preparations and semi -conductors, and the definitions may increase significantly next year. Trump added that some customs tariffs can be enacted by April, the same time frame in which he planned to reveal the mutual tariff plan as well.
While the demand for the safe range of space has remained firm due to Trump’s introductory threats, the upscale trend may remain heading due to optimism about the truce of Russia and the Krin. Trump said on Tuesday that he discussed with Russia in Riyadh about ending the war in Ukraine and confirmed that he was taking more talks with Ukraine and European leaders. More positive developments in peace talks in Russia-Ukraine will become silver price premium.
Meanwhile, the US dollar (USD) is trading before the minutes of the FOOC Open Market Committee (FOMC) of the January Policy meeting, which will be published at 19:00 GMT. Signs Federal Reserve (Fed) interest Rates In its current levels for a longer period, it will enhance US dollar. Such a scenario preaches silver price.
Silver technical analysis
The silver price is struggled to break the 32.98 main resistance, which is drawn from the highest level on November 5. The looks of the white metal are upward, where the SIS is 50 days (EMA), which tends to be top, which trades about $ 31.20.
The relative strength index fluctuates for 14 days (RSI) in the range of 60.00-80.00, indicating that the momentum is strongly optimistic.
Looking down, the lowest level on February 11 will be $ 31.26 is the main support for the silver price. While the highest level on October 31 of $ 33.90 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 the exchange of 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.
2025-02-19 14:13:51