Silver / U.S. DollarSilver / U.S. DollarSilver / U.S. Dollar

Silver / U.S. Dollar

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SILVER technically it's a STRONG buy


XAGUSD SILVER

Silver Steadies as Demand Returns
Silver (XAG/USD) traded near $33.10 on Friday, rebounding from losses as safe-haven interest returned amid U.S. fiscal concerns. Trump’s proposed tax bill, passed in the House, is expected to increase the deficit by $3.8 billion, adding pressure to the dollar and supporting precious metals.

While broader economic and trade uncertainty weighed on industrial metal demand, silver remained supported by strong industrial use. China’s wind and solar capacity surged to nearly 1,500 GW in Q1 2025, with photovoltaic power up by 60 GW. In Europe, solar output rose 30% year-over-year.

Moody’s downgrade of the U.S. credit rating, citing a potential rise in federal debt to 134% of GDP by 2035, further increased silver’s appeal.

Key resistance is at $33.80, with further levels at $34.20 and $34.90. Support is found at $32.30, followed by $31.40 and $30.20.
Snapshot

XAGUSD Bearish Rising Wedge Pattern on XAG/USD with Target and Stop Loss Levels – May 23, 2025"
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SILVER The problem with silver, is that a breakout happened on a trend line and at an area of support/resistance, so it's trying to correct itself. A bullish movement is going to happen, but only from next week. #ToTheMoon



XAGUSD SILVER
Silver Rises to $32.60 on Safe-Haven Demand
Silver (XAG/USD) climbed to around $32.60 per ounce on Thursday during Asian trading, recording its third consecutive gain as safe-haven demand increased amid rising U.S. fiscal concerns and global tensions.

Moody’s recent downgrade of the U.S. credit rating to Aa1, citing growing debt and deficits, added pressure on the Dollar. Ongoing unrest in the Middle East and Israel’s military actions in Gaza also supported precious metal prices. Meanwhile, Ukraine is preparing to urge the EU next week to seize Russian assets and target oil buyers, as U.S. sanctions appear to be losing momentum.

The first critical support for Silver is seen at 33.80, and the first resistance is located at 32.30.
Snapshot