Silver prices rose Thursday, with bullish traders who watch last week’s high at $ 33.39. Breaking this level can ignite an increase in resistance between $ 34.87 and $ 35.40, so that the metal is set up for potentially considerable profit.
Support is strong at $ 32.53, with a critical pivot point for $ 31.81. The intermediate and long -term technical trends of the metal remain positive, with the advancing averages of 50 days and 200 days at $ 30.79 and $ 30.48 respectively.
The Federal Open Market Committee (FOMC) has recently chosen to keep the rates stable at 4.25% to 4.5%, which means that the inflation risks are stated with Trump’s economic policy. With the FED that demonstrates the reluctance of lowering rates, interest-bearing assets can lose the profession, so that more investor’s interests are drawn for non-return metals such as gold and silver. In addition, discussions about pausing the Quantitative Trapping (QT) program can improve the market liquidity, a scenario that improves precious metals in the past.
Inflation fears and tariff uncertainty stimulate the question
The aggressive tariff strategies of Trump, including potential new rates for wood, cars, semiconductors and medicines, feed the fear of a global trade war. These actions are in danger of stimulating inflation, which reduces the purchasing power of Fiat -Malutas. As a result, both gold and silver are gaining grip and cover against currency devaluation and market volatility.
Market front views: Breakout Silver Eyes retains power
With Gold’s Bullish Momentum focused on the $ 3,000, Silver could follow if the market conditions remain favorable. A break above $ 33.39 would strengthen the upward trend, which may be aimed at $ 35.40. However, traders must pay attention to signs of a reversal in gold, which can also cause a short-term reduction in silver. For now, inflation problems and geopolitical risks continue to support the positive prospects for the silver market.