Silver (XAG/USD) – Long Setup Idea
Silver is currently trading around $31.30, while gold has surpassed the $3,000 mark, pushing the Gold/Silver Ratio (GSR) above 99 – a level that historically signals strong upside potential for silver. Industrial demand is surging, especially from solar energy, EVs, and electronics, with silver consumption expected to exceed 700 million ounces in 2025. Analysts from Capital Economics, UBS, and Citi forecast a price target of $36–38 in the next few months, supported by a persistent supply deficit and investor rotation from gold into undervalued silver.
🎯 Take Profit: $36.00
⏱️ Timeframe: 1–3 months
📊 Bias: Bullish
📉 Risk: Correction below $29 in case of weak macro or strong USD
Silver is currently trading around $31.30, while gold has surpassed the $3,000 mark, pushing the Gold/Silver Ratio (GSR) above 99 – a level that historically signals strong upside potential for silver. Industrial demand is surging, especially from solar energy, EVs, and electronics, with silver consumption expected to exceed 700 million ounces in 2025. Analysts from Capital Economics, UBS, and Citi forecast a price target of $36–38 in the next few months, supported by a persistent supply deficit and investor rotation from gold into undervalued silver.
🎯 Take Profit: $36.00
⏱️ Timeframe: 1–3 months
📊 Bias: Bullish
📉 Risk: Correction below $29 in case of weak macro or strong USD
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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.