- The silver collapses 1.6% while the US dollar and yields shoot late on Friday.
- XAG/USD reaches a weekly minimum of $ 32.66, pressured by a US dollar and high yields of the US Treasury.
- Sellers fail to break the 32.50 support, maintaining the limited decrease for now, with a key support at $ 31.91 (50 -day SMA).
A rebound above $ 33.10 could trigger a late recovery around $ 33.50, but the bearish impulse is still dominant.
Silver prices fell sharply at the last minute session, reaching a weekly minimum below $ 33,00, maintaining its most significant loss since February 25, 2025. At the time of writing, the XAG/USD quotes at 33.03 $, with a fall of more than 1.6%, attributed to a strong US dollar (USD) and high yields of the US.
XAG/USD price forecast: technical perspective
The price of silver fell to a new weekly minimum of $ 32.66 before recovering some land. The XAG/USD is prepared to finish the week with losses, although the vendors failed to clear the level of psychological support of 32.50 $, which could have sponsored a test of the figure of 32.00 $.
Downwards, the next key support level is the single mobile (SMA) average (SMA) at $ 31.91, followed by the 100 -day SMA at $ 31.19. At the same time, if buyers push the gray metal above the minimum of 20 days of March, 33.10 $, a late rally is expected towards the 33.50 $ mark.
XAG/USD price chart – Diario
FAQS SILVER
Silver is a highly negotiated precious metal among investors. Historically, it has been used as a value shelter and an exchange means. Although it is less popular than gold, operators can resort to silver to diversify their investment portfolio, for their intrinsic value or as a possible coverage during periods of high inflation. Investors can buy physical silver, in coins or bullion, or negotiate it through vehicles such as the funds quoted in the stock market, which follow their price in international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can cause the price of silver to shoot due to its safe refuge status, although to a lesser extent than that of gold. As an asset without performance, silver tends to climb with lower interest rates. Its movements also depend on how the US dollar (USD) behaves, since the asset is quoted in dollars (XAG/USD). A strong dollar tends to maintain the price of silver at bay, while a weaker dollar probably drives rising prices. Other factors such as investment demand, mining – silver supply is much more abundant than gold – and recycling rates can also affect prices.
Silver is widely used in the industry, particularly in sectors such as electronics or solar energy, since it has one of the highest electrical conductivities of all metals, surpassing copper and gold. An increase in demand can increase prices, while a decrease tends to reduce them. The dynamics in US economies, China and India can also contribute to price fluctuations: for the US and particularly China, its large industrial sectors use silver in several processes; In India, the demand for consumers for precious metal for jewelry also plays a key role in pricing.
Silver prices tend to follow gold movements. When gold prices go up, silver typically follows the same path, since their status as shelter is similar. The gold/silver ratio, which shows the number of ounces of silver necessary to match the value of an ounce of gold, can help determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that silver is undervalued, or that gold is overvalued. On the contrary, a low ratio could suggest that gold is undervalued in relation to silver.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
