XAGUSDSILVER Silver Eases Despite Weaker Dollar Silver slipped below $31.90 on Thursday, pressured by easing safe-haven demand after the U.S. and China agreed in Switzerland to cut tariffs to 30% and 10% respectively for 90 days. While the deal briefly lifted sentiment, uncertainty looms over what comes next.
The drop in geopolitical tensions has also dampened expectations for aggressive Fed cuts. However, weak U.S. inflation data from earlier this week supported silver by softening the Dollar and improving its appeal to international buyers.
Silver faces resistance at $32.50, followed by $33.80 and $34.20. Support is found at $31.40, with lower levels at $30.20 and $29.80.
SILVER The markets recent behavior seems to be driven less by technicals or fundamentals and more by unpredictable non traditional patterns Even experienced traders are finding it challenging to navigate the current volatility In times like these discipline, risk management, and patience are more important than ever This isn't just a time to earn it's a time to learn and strengthen your mindset.
SILVER Silver (XAG/USD) extends the previous day's retracement slide from the $33.20-$33.25 resistance zone and attracts some follow-through selling during the Asian session on Wednesday. The white metal drops to a fresh daily low, around the $31.60 area in the last hour, though the mixed technical setup warrants caution before positioning for deeper losses.
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