This Silver analysis reviews the commodity from technical and fundamental aspects. It also features trend examination, price forecasts, support and resistance levels, and trading signals.
We update this page daily to ensure you have the latest information by covering the XAG/USD price changes.
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Silver Fundamental Analysis
Bloomberg—Silver stayed near \$36 an ounce on Tuesday after a strong June rally. The rise was mainly driven by a weaker US dollar, which tends to lift demand for silver by making it cheaper for international buyers.
Expectations of more interest rate cuts from the Federal Reserve, growing worries about government spending, and ongoing trade uncertainty also supported prices.
Traders are now watching for upcoming US job reports. Signs of a slowing labor market could increase the likelihood of a rate cut as early as July. Lower rates usually weaken the dollar and boost interest in commodities like silver.
At the same time, all eyes are on the US Senate as it works to pass President Trump’s tax and spending bill before the July 4 deadline. The proposed plan is expected to raise the national debt by \$3.3 trillion, which has added to fiscal concerns in the market.
On the trade side, investors are waiting to see if the US can strike deals with key trade partners before Trump’s 90-day tariff pause ends next week. Any delays or setbacks could stir more market uncertainty.
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