Silver Analysis by zForex Research Team
Silver Gains as U.S. Factory Growth and Market Deficit Support Prices
Silver rose above $31.5 per ounce, staying near its highest level since early December, as easing trade war fears and strong manufacturing data increased demand. While Trump imposed 10% tariffs on China and 25% on Canada and Mexico, a delay in Mexico’s tariffs reduced concerns over protectionist policies. The ISM reported improving U.S. factory activity, strengthening silver’s outlook as a key industrial metal. Meanwhile, the Silver Institute projected a fifth consecutive market deficit in 2025, driven by strong industrial demand and retail investment, outweighing weaker jewelry and silverware demand.
Technically, the first resistance level will be 31.80 level. In case of this level’s breach, the next levels to watch would be 32.50 and 32.90. On the downside, 30.90 will be the first support level. 30.20 and 29.30 are the next levels to observe if the first support level is breached.
Silver rose above $31.5 per ounce, staying near its highest level since early December, as easing trade war fears and strong manufacturing data increased demand. While Trump imposed 10% tariffs on China and 25% on Canada and Mexico, a delay in Mexico’s tariffs reduced concerns over protectionist policies. The ISM reported improving U.S. factory activity, strengthening silver’s outlook as a key industrial metal. Meanwhile, the Silver Institute projected a fifth consecutive market deficit in 2025, driven by strong industrial demand and retail investment, outweighing weaker jewelry and silverware demand.
Technically, the first resistance level will be 31.80 level. In case of this level’s breach, the next levels to watch would be 32.50 and 32.90. On the downside, 30.90 will be the first support level. 30.20 and 29.30 are the next levels to observe if the first support level is breached.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.