Daily Gold (XAU/USD) Gold, often viewed as silver's counterpart, outperformed above $2,726.30, pushing the price close to an all-time high of $2,790.17. A weaker US dollar, currently near two-week lows, is further supporting safe-haven assets such as gold and silver. However, gold benefits more directly from its inflation-hedging appeal, and silver has struggled to take full advantage of it.
Market Prediction: Cautious Optimism for Silver
In the short term, silver's outlook will depend on external factors such as US tariff announcements, China's industrial recovery, and policy direction in the renewable energy sector.
While the technical setup remains bullish, stronger demand cues, particularly from China and the solar industry, are needed to reignite silver's momentum. Traders should keep an eye on developments in the U.S.-China trade relationship and further signs of Federal Reserve policy, as these factors could spark renewed interest in the metal.
