XAGUSDSILVER Silver Holds Near $36.80 on Tariff Fears Silver remains steady just below $37.00, hovering around $36.80 in Tuesday’s Asian session after a sharp rebound from the $36.15 level seen late Monday. The metal continues to trade in a tight range as conflicting market signals keep traders cautious.
Global trade tensions and geopolitical uncertainties, fueled by the U.S.’s upcoming tariffs on multiple countries and its hardline stance against BRICS-aligned nations, have elevated market risk perception. This has sparked a modest uptick in safe-haven demand, offering limited support to silver.
The strength of the U.S. Dollar and uncertainty surrounding future interest rate decisions are capping silver’s upside potential. Market participants remain focused on incoming economic data and central bank signals for clearer direction.
In the near term, silver is expected to stay volatile and highly reactive to geopolitical and economic headlines.
Resistance is at 37.50, while support holds at 35.40.
XAGUSD Another day of high-volatility consolidation. Nothing has changed — the trend is still bullish, and I believe the breakout from this range will be strong to the upside. I'm holding long positions and occasionally scalping on lower timeframes. Sticking strictly to long setups only.
XAGUSDSILVER Silver Holds Near 13-Year High Amid Tariff Uncertainty Silver held above $36.80 Friday, near 13-year highs, as renewed trade tensions supported safe-haven demand. Markets grew cautious after Trump announced plans to send tariff letters, and as the House passed his tax and spending bill, expected to widen the deficit by over $3 trillion. Silver’s gains were capped by a surprisingly stronger June US jobs report, which eased recession fears and reduced near-term Fed rate cut pressure.
Resistance is at 37.50, while support holds at 35.40.