XAGUSD Analysis: silver is still waiting

Fundamental Analysis of XAGUSDXAGUSD Key Takeaways

• Trump will accelerate silver tariffs: Recent expectations that the United States may impose tariffs on imported metals have exacerbated supply chain disturbances. In late March, a large amount of silver was shipped from London to the United States before the tariff deadline on April 2. If imported silver is subject to a 25% tariff, it will substantially change the market landscape. Gold, silver, and copper may all become new targets of the trade war.
• Historical short squeeze review: In the short squeeze in 2021, the trading volume of SLV silver ETF surged 9 times, the silver price soared 18% in three days, and the average increase of silver stocks reached 30%-40%. However, due to the lack of sustained buying and fundamental support at that time, the rally eventually subsided. But compared with ten years ago, the physical silver available for investment has been greatly reduced, which may give rise to a more lasting price outbreak.

Technical Analysis of XAGUSD Daily and Hourly ChartsXAGUSD Daily Chart Insights

(XAGUSD Daily Price Chart, Source: Ultima Markets MT4)

• Stochastic oscillator: The indicator once again sent a bullish signal below the overbought area, and the short-term bulls and bears are still in the game stage, suggesting that the bulls have the upper hand temporarily. It is worth noting that the market price and the indicator are currently forming a potential top divergence trend, and there is a certain risk of false breakthrough or shock.
• Resistance area: The silver price around 34.22 to 34.85 is the key resistance area, and there is a probability of shock adjustment in this range for silver. It is worth noting that based on the risk of short squeeze on fundamentals, if silver breaks through the resistance area quickly and strongly, there is still a probability of falling back to the range.

XAGUSD H1 Chart Analysis

(XAGUSD H1 Price Chart, Source: Ultima Markets MT4)

• Stochastic oscillator:The indicator sends a short signal in the overbought area, and the silver price will be mainly downward adjustment in the short term during the Asian session.
• Support area: The silver price has a pin bar, which clarifies the bright spot. First, the support below is strong in the short term, and there is a probability of intraday shock adjustment in silver. Second, if the silver price eventually falls below the low price of 34.158, there is a probability of a deep decline.

Pivot Indicator Insights for XAGUSD

(XAGUSD M30 Price Chart, Source: Ultima Markets APP)

• According to Pivot Indicator in Ultima Markets APP, the central price of the day is established at 34.10,
• Bullish Scenario: Bullish sentiment prevails above 34.10, first target 34.50, second target 34.70;
• Bearish Outlook: In a bearish scenario below 34.10, first target 33.80, second target 33.48.

How to Navigate the Forex Market with Ultima Markets To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you with valuable insights to empower your financial journey.

For personalized guidance tailored to your specific financial situation, please do not hesitate to contact Ultima Markets.

Join Ultima Markets today and access a comprehensive trading ecosystem equipped with the tools and knowledge needed to thrive in the financial markets.

Stay tuned for more updates and analyses from our team of experts at Ultima Markets.

 Learn more: https://bit.ly/4gWTyEA 

—–

Legal Documents

Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission “FSC” of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593). The registered office address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.

Copyright © 2025 Ultima Markets Ltd. All rights reserved.

Disclaimer  

Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.