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.
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Silver Fundamental Analysis
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Silver prices dropped over 2% to below \$32 per ounce on Monday, reversing last week’s gains as appetite for safe-haven assets diminished following a major breakthrough in U.S.-China trade relations. Over the weekend, both nations agreed in Switzerland to significantly reduce tariffs, easing geopolitical tensions and fueling optimism across global markets.
Under the preliminary deal, U.S. tariffs on Chinese goods will be cut from 145% to 30%, while China will lower its duties on U.S. imports from 125% to 10%.
The improved risk sentiment, further bolstered by a fragile but holding ceasefire between India and Pakistan, weighed on precious metals broadly.
However, the trade accord also boosted the longer-term outlook for silver’s industrial demand, particularly in the renewable energy sector where both the U.S. and China remain major players.
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