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Silver (XAG) Forecast: Silver Outlook Turns to Powell’s Press Conference for Clarity
Silver ended last week flat at $38.16 after a brief breakout to $39.53—the highest level since 2011. Early gains were fueled by falling U.S. Treasury yields, a weakening dollar, and persistent supply tightness in the spot market. Tariff-driven trade uncertainty and a widening premium between U.S. and London contracts further supported the bullish tone. However, by Friday, momentum had cooled. A rebound in the U.S. dollar, stronger-than-expected PMI andjobless claims, and softening gold prices led to a third consecutive daily decline in silver. Despite this, silver remains up 36% year-to-date and continues to ... (full story)
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From dailyforex.com | Jul 28, 2025
The longer-term trend has been sideways, and I just don’t see how that changes anytime soon. With that being said, I think we’ve got a situation where traders are looking at this through the prism of a quiet summer range and may be a little bit of consolidation after what had been such a vicious run higher. All things being equal, this is a market that I ...
