Silver ($XAG) Commodity Forecast: Down 5.7% Today

What is Silver?

Silver, a precious metal known for its industrial and investment uses, experienced a strong bearish movement today amidst market uncertainties.

Why is Silver going down?

XAG commodity is down 5.7% on Apr 3, 2025 15:28

• Silver prices dropped as markets reacted to Trump's tariffs, causing a broad selloff in commodities and weakening industrial demand for silver.
• The announcement of reciprocal tariffs by President Trump led to concerns about an escalating global trade war, prompting investors to seek safe-haven assets like gold instead of silver.
• Despite Silver's recent bearish movement, its long-term performance has been positive, with a notable increase of 18.88% over the last 12 months.

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Silver Hits 4-week Low

Silver decreased to a 4-week low of 31.78 USD/t.oz. Over the past 4 weeks, Silver lost 0.12%, and in the last 12 months, it increased 18.88%.

Silver Drops as Markets React to Trump Tariffs

Silver prices slid over 1% to dip below $33.50 per ounce on Thursday, reaching a one-week low as traders grappled with market uncertainties following US President Donald Trump’s sweeping tariff measures. Trump imposed a 10% baseline tariff on all imports, with steeper levies targeting major trading partners such as China (34%), the EU (20%), and Japan (24%). Additionally, a 25% tariff on foreign-made automobiles took immediate effect. Defending the move, Trump framed the tariffs as a strategy to bolster domestic manufacturing and reduce trade deficits. While gold surged to a record high in response to the announcement, silver came under pressure amid a broad selloff in commodities. Meanwhile, US economic data showed the manufacturing sector slipped into contraction in March, while job openings in February fell more than expected to 7.57 million. Investors now look ahead to Friday’s nonfarm payroll report for further economic signals.

Silver Rises as Markets React to Trump’s Sweeping Tariffs

Silver prices was trading above $33.8 per ounce, as investors assessed President Donald Trump’s announcement of reciprocal tariffs. Trump proclaimed "Liberation Day" as he unveiled sweeping tariffs designed to overhaul U.S. trade dynamics. The plan imposes a 10% baseline tariff on all imports, with steeper levies for countries running trade surpluses with the U.S., including China (34%), the EU (20%), and Japan (24%). A separate 25% tariff on foreign-made automobiles takes effect immediately. Trump defended the measures as a way to strengthen domestic manufacturing and narrow trade deficits. Meanwhile, US economic data showed the manufacturing sector slipped into contraction in March, while job openings in February fell more than expected to 7.57 million. Investors now look ahead to Friday’s nonfarm payroll report for further economic signals.

Silver Falls from 5-Month High

Silver prices fell to $33.8 per ounce, retreating from a five-month high of $34.58 reached on March 28th, as investors braced for President Donald Trump’s announcement of reciprocal tariffs set to take effect Wednesday. Market participants weighed concerns over an escalating global trade war, which could weaken industrial demand for silver, against its safe-haven appeal amid growing fears of an economic slowdown. Over the weekend, Trump reaffirmed plans to impose reciprocal tariffs on all countries and reportedly urged his advisers to take a more aggressive trade stance. Meanwhile, US economic data showed the manufacturing sector slipped into contraction in March, while job openings in February fell more than expected to 7.57 million. Investors now look ahead to Friday’s nonfarm payroll report for further economic signals.

Silver Rises on Tariff Fears, Nears 13-Year High

Silver prices climbed above $34.30 per ounce on Monday, marching toward 13-year highs, as growing concerns about the escalating global trade war and the potential economic fallout boosted safe-haven demand for precious metals. Over the weekend, President Donald Trump reaffirmed plans to impose reciprocal tariffs on all countries, reportedly pushing his advisers to adopt a more aggressive trade stance. Markets fear that these measures could trigger retaliation from major trading partners, stoke inflation, and weaken economic growth. Meanwhile, San Francisco Fed President Mary Daly noted that Friday’s inflation data has weakened her confidence in the expectation that two interest rate cuts this year remain a reasonable projection.

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Silver Price History

13.08.2024 - XAG Commodity was up 5.1%

• Silver surged to an 8-week high and was on track for a strong weekly gain, driven by speculations of a supersized 50 basis point rate cut by the US Federal Reserve.
• Expectations of major central banks, including the Federal Reserve, beginning a rate-cutting cycle boosted investor sentiment towards silver.
• The growth of the renewable energy sector, where silver plays a crucial role in solar panel production, also contributed to the positive outlook for silver prices.
• Mixed economic indicators in China, the world's top consumer of silver, added to the market's evaluation of demand prospects and further supported the bullish movement in the silver market.

20.09.2024 - XAG Commodity was up 6.3%

• Silver prices surged to nearly a 12-year high of $33 per ounce, driven by increased demand for safe-haven assets amidst uncertainties surrounding the upcoming US presidential election and escalating tensions in the Middle East.
• Positive economic data from China, the top global metals consumer, further boosted demand for silver, while the European Central Bank's rate cut aimed at controlling inflation also impacted the market positively.
• The rally in silver prices was also supported by a drop in Treasury yields, weak US manufacturing data, and expectations regarding the Federal Reserve's next move on interest rates, indicating a complex interplay of global economic factors influencing the precious metal's market movement.
• Overall, the bullish movement in silver can be attributed to a combination of geopolitical uncertainties, economic indicators, and market speculations, highlighting the metal's role as a safe-haven asset in times of global instability.

06.00.2025 - XAG Commodity was down 0.1%

• The recent downward trend in the silver market is linked to worries about a more aggressive stance from the Federal Reserve and uncertain industrial demand for silver.
• Projections by the Federal Reserve indicating a potential decrease in rate cuts in the upcoming year prompted investors to reduce exposure to non-interest-bearing bullion assets, resulting in a negative impact on silver prices.
• Feeble manufacturing figures coming from China and excessive capacity in the solar panel sector further intensified the pressure on silver prices, constraining the forecast for demand from vital industrial segments.
• Despite previous instances of positive economic prospects and safe-haven interest, the current market shift highlights the influence of specific factors such as Federal Reserve policy forecasts and uncertainties regarding industrial demand on silver prices.

24.08.2024 - XAG Commodity was up 5.0%

• Silver experienced a strong bullish movement today, reaching $32.211 per ounce, up by 5%.
• The bullish trend can be attributed to the Federal Reserve's rate cut of 50 basis points, signaling potential further rate reductions and easing policies, which boosted investor confidence in silver as an alternative investment.
• Additionally, the weakening of the US dollar and expectations of policy easing in major economies like China further supported the bullish momentum for silver.
• The combination of these factors led to a surge in silver prices, highlighting the metal's sensitivity to macroeconomic events and monetary policy decisions.

04.09.2024 - XAG Commodity was up 3.5%

• Silver price rose to $31.3 per ounce today, driven by increasing Middle East tensions and demand for safe-haven assets amid geopolitical uncertainties.
• Expectations of central bank interest rate cuts and financial support measures in China have further boosted silver prices.
• Previous declines in silver costs were attributed to profit-taking after hitting a ten-year high. However, the overall positive market sentiment remains strong due to geopolitical tensions and supportive central bank actions.

18.08.2024 - XAG Commodity was down 2.9%

• Silver retreated from its recent highs as the Federal Reserve implemented a 50 bps rate cut, signaling potential further cuts, which raised concerns about future demand for the metal.
• Uncertainty surrounding the Fed's decision, along with disappointing economic data from China, added pressure on silver prices, reflecting a cautious sentiment among traders.
• The anticipation of a more aggressive rate cut by the Fed, driven by signs of a slowing labor market, outweighed positive inflation readings, contributing to the bearish movement in the silver market.
• Speculations about the Fed's decision, mixed economic indicators from China, and the growth of the renewable energy sector, where silver plays a crucial role, all played a part in influencing the downward movement of silver prices today.

06.10.2024 - XAG Commodity was down 5.4%

• Silver prices experienced a bearish movement due to the following reasons:
• The stronger US dollar following early US election results favoring the Republican candidate Donald Trump led to a decrease in demand for safe-haven assets like silver.
• Speculation around the US election outcome and potential market impact, as well as anticipation of the Federal Reserve's policy decisions, contributed to cautious market sentiment.
• Reports of potential fiscal stimulus measures in China and monetary policy decisions in various major economies added to the uncertainty, impacting silver prices negatively.
• The overall economic data, including US jobs creation and global borrowing costs, influenced market expectations and investor behavior, leading to a decline in silver prices.

18.09.2024 - XAG Commodity was up 5.1%

• Silver surged to a near 12-year high of $32.96 per ounce, driven by safe-haven demand amid uncertainties surrounding the upcoming US election and escalating tensions in the Middle East.
• The metal's rally was also supported by a drop in Treasury yields, weak US manufacturing data, and China's stimulus measures, all contributing to the appeal of non-yielding assets like silver.
• Volatility remained a key feature as investors closely monitored developments in China's stimulus announcements and speculated on the US Federal Reserve's stance on interest rate cuts, impacting the overall sentiment in the commodity market.
• Silver's upward trajectory underscores its role as a hedge against geopolitical risks and economic uncertainties, attracting investors seeking refuge in precious metals during times of market turbulence.

06.07.2024 - XAG Commodity was down 5.0%

• Silver prices plummeted to $27 per ounce, marking a three-month low, as concerns over economic growth and a broader selloff in financial markets outweighed safe-haven demand for the metal.
• The bearish outlook on manufacturing and industrial metals, coupled with fears of a US recession, contributed to the decline in silver prices.
• Despite the downward pressure, silver remains supported by expectations of aggressive interest rate cuts by the US Federal Reserve in the coming months, reflecting investors' bets on monetary policy easing.
• Geopolitical tensions, such as the killing of a Hamas leader in Iran, added some support to silver's safe-haven appeal, although market uncertainties and the overall risk-off sentiment weighed heavily on the metal's performance.

05.07.2024 - XAG Commodity was down 5.2%

• Silver prices fell as risk-off sentiment dominated markets, fueled by fears of a US recession and disappointing job data, leading investors towards safer assets.
• The anticipation of a US Federal Reserve rate cut in September supported precious metals, but concerns over economic downturns weighed on silver prices.
• Geopolitical tensions, such as the killing of a Hamas leader in Iran, added to safe-haven demand for silver, although mixed economic data from China and central bank decisions kept the metal's movement muted.
• Overall, the bearish movement in silver can be attributed to a combination of economic uncertainties, geopolitical risks, and market speculations surrounding central bank policies.

03.03.2025 - XAG Commodity was down 5.1%

• Silver faced downward pressure today, dipping below the $33.50 per ounce mark.
• The market shift is linked to the uncertainties revolving around President Trump's trade policies and their potential repercussions on the global trade landscape.
• Mixed signals surrounding the tariffs and their impacts created instability among investors, prompting a widespread sell-off in various commodities, silver included.
• Traders are keeping a close watch on the upcoming nonfarm payroll update scheduled for Friday, expecting it to offer insights into the economic landscape that could steer silver prices in the immediate future.

03.03.2025 - XAG Commodity was down 5.7%

• Silver prices dropped as markets reacted to Trump's tariffs, causing a broad selloff in commodities and weakening industrial demand for silver.
• The announcement of reciprocal tariffs by President Trump led to concerns about an escalating global trade war, prompting investors to seek safe-haven assets like gold instead of silver.
• Despite Silver's recent bearish movement, its long-term performance has been positive, with a notable increase of 18.88% over the last 12 months.