Silver remains tied to the range in economic uncertainty
Silver (XAG/USD) is traded for nearly $ 30.36 and faces the same headwind as gold. Despite the weaknesses of US dollars, silver has been struggling to increase profits because it has reduced the demand for defense assets. Unlike gold, silver is exposed to industrial demand, and concerns about metal tariffs such as aluminum, steel, copper, etc. kept the trader carefully.
US economic data, which is weaker than expected, further complicates silver outlook. The US Census Bureau reported that the order of endurance goods in December has decreased by 2.2 %, but it is unlikely. On the other hand, the Conference Committee's consumer trust index has declined in January and reflects concerns about economic resilience. These data points increase uncertainty. This usually gives a profit to safe -haven assets, but has no immediate financial stress, reducing the possibility of silver upside down.
Credit concerns and economic data maintain the market
New US tariff prospects on major imports, such as computer chips, pharmaceuticals, and industrial metals, are concerned about potential economic fallouts. Such uncertainty often promotes the demand for gold, but the lack of pain in the immediate market hindered a major breakout.
Gold and silver remain in the scope, as the Federal Reserve has decided and economic indicators provide mixed signals. Traders are struggling to find strong momentum in the current environment, so they will carefully monitor future policy statements and macroeconomic data on fresh direction.
Short -term prediction
Gold (XAU/USD) has a hard time for less than $ 2,766, and is facing sales pressure in the FRB uncertainty. Silver (XAG/USD) maintains less than $ 30.46, and has strengthened the downtrend line that strengthens the bearish momentum.
