Macro and Geopolitical Drivers: Geopolitical tensions, particularly in the Middle East, could drive safe-haven demand for silver, though recent profit-taking amid such tensions indicates mixed trader sentiment. U.S. economic data releases, including consumer sentiment and Federal Reserve commentary, may impact expectations for interest rate cuts, which typically support precious metals. A stronger U.S. dollar or higher Treasury yields could pressure silver prices downward.
Supply and Demand Dynamics: Silver’s ongoing supply deficit (projected at 149 million ounces in 2025) and strong industrial demand from solar, electric vehicles, and electronics continue to support a bullish outlook. However, potential tariff impacts from U.S. policy under President Trump could dampen industrial demand, introducing volatility.
Weekly Outlook: Silver’s price action may oscillate between $34.176 (support) and $37.47009 (resistance) this week. Bullish momentum from supply deficits and industrial demand could push prices toward the resistance, but overbought signals (e.g., Stochastic Oscillator near 90) and potential short-selling pressure in COMEX futures might lead to consolidation or a pullback to support. Key drivers to watch include U.S. economic data, Fed commentary, and geopolitical developments.
Critical Note: The $37.47009 resistance may be tough to breach without significant catalysts, and large short positions could trigger volatility.
#silver
Supply and Demand Dynamics: Silver’s ongoing supply deficit (projected at 149 million ounces in 2025) and strong industrial demand from solar, electric vehicles, and electronics continue to support a bullish outlook. However, potential tariff impacts from U.S. policy under President Trump could dampen industrial demand, introducing volatility.
Weekly Outlook: Silver’s price action may oscillate between $34.176 (support) and $37.47009 (resistance) this week. Bullish momentum from supply deficits and industrial demand could push prices toward the resistance, but overbought signals (e.g., Stochastic Oscillator near 90) and potential short-selling pressure in COMEX futures might lead to consolidation or a pullback to support. Key drivers to watch include U.S. economic data, Fed commentary, and geopolitical developments.
Critical Note: The $37.47009 resistance may be tough to breach without significant catalysts, and large short positions could trigger volatility.
#silver
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.