- Silver Price loses the momentum to nearly $ 33.80 in the Asian session on Monday.
- Safe infiltration and increased industrial demand may continue to support the silver price.
- Traders will take more signals from the retail sales report in February, which is scheduled to be later on Monday.
The price of silver (Xag/USD) decreases to about 33.80 dollars after reaching its highest levels since October 31, 2024, during the Asian trading hours on Monday. However, the potential negative side of white minerals appears limited due to economic uncertainty on the impact of a global trade war and a softened green cry.
The escalating trade war between the United States and many of its largest commercial partners raised concerns about the influence of economies all over the world. This, in turn, may enhance safe asset like silver. Last week, US President Donald Trump threatened a 200 % tariff for any alcohol coming to the United States from the European Union (European Union). Trump also raised fees on Chinese imports to the United States to at least 20 %.
In addition, the deficit in supply and increased industrial demand can be the strong background winds of white minerals. According to the Wisdomtree Global Investment Company, investors carry a large part of it and expect to encourage higher prices for sales. Silver demand has reached its highest level, due to its use in photovoltaic applications, 5G technology, and auto electronics.
Virtual traders will monitor the US retail report for February, which is expected to grow 0.7 % of my mother. In the event of a stronger result than expected, this may lead to the US dollar (USD) and weighs the price of commodities denominated in US dollars in the short term.
Common silver questions
Silver is very precious metals circulating among investors. It has been used historically as a value of value and amid exchange. Although it is less popular than gold, merchants may turn to silver to diversify their investment portfolio, compared to its fundamental value or as a possible hedge during high inflation periods. Investors can buy physical silver, in coins or in bars, or circulate through vehicles such as the boxes circulating in Excination, which follow their price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of deep stagnation can make the price of silver escalating due to its safe position, although it is less than gold. As an inappropriate origin, silver tends to rise with low interest rates. Its movements also depend on how the US dollar (USD) is spent as the origin is priced in dollars (XAG/USD). The strong dollar tends to maintain the price of silver in the Gulf, while the dollar is likely to pay the weakest prices. Other factors such as demand for investment and mining offer – silver is much more abundant than gold – recycling rates can also affect prices.
Silver is widely used in the industry, especially in sectors such as electronics or solar energy, as it contains one of the highest electrical conductivity for all minerals – more than copper and gold. High demand in demand can increase prices, while the decline tends to reduce them. The dynamics in the United States and Chinese and Indian economies can contribute to price fluctuations: for the United States, especially China, its large industrial sectors use silver in various operations; In India, consumer demand for the precious jewelry also plays a major role in setting prices.
Silver prices tend to follow gold movements. When gold prices rise, silver usually follows its example, as its position as the similar safe origins. The percentage of gold/silver, which shows the number of ounces of silver needed to equal the value of one ounce of gold, to determine the relative evaluation between both minerals. Some investors may consider a high percentage as an indication that silver is dense with less than its value, or that gold is exaggerated. On the contrary, the low percentage may indicate that gold is less valuable for silver.
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