The gold prices are higher and remain at a striking distance from their all time, supported by expectations of the federal reserve interest rates and rising global trade stresses. A bullish structure remains intact, with important support levels that prevent considerable downward pressure.
Macquarie has raised its gold price forecast to $ 3,150 for the third quarter, with a possible peak of $ 3,500 later this year. Given the dual role of Silver as an investment active and industrial raw materials, the price often follows Gold’s direction, in particular in periods of monetary policy security.
Tariff uncertainty can stimulate volatility
Developments of trade policy remain an important Yoker sign for silver prices. President Donald Trump has re -confirmed plans for extra rates for China, Canada and the EU, which increases concern about higher import costs and potential retaliation actions. If the rates escalate, inflation can pick up again, which may be postponed the food speed and the US dollar will be strengthened.
Higher rates can also influence the industrial demand for silver, especially in sectors such as electronics and solar energy, where silver plays a crucial role. Traders will keep a close eye on how trade developments influence inflation trends and influence policy projections in the coming weeks.
Market front views: Silver is waiting for important catalysts
Silver remains in a consolidation phase, with a breakout above $ 33.39 that is needed to attach a new leg higher. The outcome of the PPI report will be crucial-desperately inflation data supporting silver by enhancing speed needs, while stronger inflation could put pressure on prices in the short term. Moreover, trade tensions remain an important risk factor that could inject the volatility in the prospects of Silver.