Silver Price Forecast: XAG/USD advances to near $31.00 ahead of US CPI

Fonte Fxstreet
  • Silver price gains ground due to trade repositions ahead of the US inflation data release on Wednesday.
  • The US Consumer Price Index may report an increase of 2.6% YoY in October, with core CPI rising by 3.3%.
  • Silver prices may struggle as the implementation of Trump’s proposed policies could delay further rate cuts by the Fed.

Silver prices (XAG/USD) extends gains for the second consecutive day, trading around $30.90 per troy ounce during the European session on Wednesday. Silver prices gain momentum as traders seem to adjust their positions ahead of a crucial US inflation report, which could shape expectations for potential Federal Reserve interest rate cuts.

Softer-than-expected US CPI data could strengthen expectations for steady rate reductions by the Fed, likely increasing demand for non-interest-bearing precious metals like silver. However, the headline Consumer Price Index (CPI) is projected to show a 2.6% year-over-year increase for October, compared to the previous 2.4% reading. Meanwhile, core CPI is expected to rise by 3.3%.

However, the price of the dollar-denominated Silver remains under pressure from a strengthening US Dollar (USD), fueled by expectations of fiscal expansion and inflationary policies under the potential Trump administration. A stronger USD makes Silver more expensive for buyers holding foreign currencies, which negatively impacts the commodity's demand.

The implementation of Trump’s proposed policies could lead to increased investment, spending, and labor demand, heightening inflation risks. This scenario may prompt the Federal Reserve (Fed) to adopt a more restrictive monetary policy stance.

Weak economic data from China, combined with the absence of direct economic stimulus, has heightened concerns about demand in the world’s largest manufacturing hub. Silver is also under pressure due to its significant use in electrification, especially in solar panels.

Meanwhile, Chinese-owned solar panel manufacturers are reducing production, partly due to fears that a potential victory by Trump in the upcoming US election could result in higher tariffs on the industry. Morgan Stanley has forecast that the Trump administration might impose immediate tariffs of up to 60% on Chinese imports.

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

Isenção de responsabilidade: Apenas para fins informativos. O desempenho passado não é indicativo de resultados futuros.
placeholder
Previsão do preço do ouro: XAU/USD se mantém firme em meio a dados mistos dos EUA, de olho nos números do PCE dos EUAO preço do ouro se recuperou após cair mais de 0,70% na quarta-feira e subir 0,35% na quinta-feira, em meio a dados robustos dos EUA e à queda dos rendimentos dos títulos do Tesouro dos EUA.
Autor  FXStreet
1 Mês 26 Dia Sex
O preço do ouro se recuperou após cair mais de 0,70% na quarta-feira e subir 0,35% na quinta-feira, em meio a dados robustos dos EUA e à queda dos rendimentos dos títulos do Tesouro dos EUA.
placeholder
Previsão do preço do ouro: XAU/USD cai abaixo de US$ 2.700 com dólar americano mais firmeO preço do ouro (XAU/USD) é negociado em território negativo perto de US$ 2.680 durante o início da sessão asiática de segunda-feira.
Autor  FXStreet
11 Mês 11 Dia Seg
O preço do ouro (XAU/USD) é negociado em território negativo perto de US$ 2.680 durante o início da sessão asiática de segunda-feira.
placeholder
Jeff Bezos aposta milhões apoiando Tenstorrent, rival da Nvidia, em uma rodada de financiamentoTenstorrent, a empresa que compete com a Nvidia está agora avaliada em US$ 2,6 bilhões depois que o fundador da Amazon, Jeff Bezos, se juntou à gigante de tecnologia sul-coreana Samsung em uma aposta de US$ 700 milhões na startup de chips de IA. A Bloomberg relatou este financiamento como um desenvolvimento significativo na indústria de IA. O fundador e pioneiro de semicondutores Jim Keller disse em [...]
Autor  Cryptopolitan
12 Mês 03 Dia Ter
Tenstorrent, a empresa que compete com a Nvidia está agora avaliada em US$ 2,6 bilhões depois que o fundador da Amazon, Jeff Bezos, se juntou à gigante de tecnologia sul-coreana Samsung em uma aposta de US$ 700 milhões na startup de chips de IA. A Bloomberg relatou este financiamento como um desenvolvimento significativo na indústria de IA. O fundador e pioneiro de semicondutores Jim Keller disse em [...]
placeholder
Há realmente um problema de valuation nas ações americanas?Investing.com — O valuation do S&P 500 registrou uma elevação expressiva nos últimos anos, alimentado por uma expansão nos lucros projetados e pela redução do temor de recessão.WORKSHOP: Quais os melh
Autor  Investing.com
12 Mês 04 Dia Qua
Investing.com — O valuation do S&P 500 registrou uma elevação expressiva nos últimos anos, alimentado por uma expansão nos lucros projetados e pela redução do temor de recessão.WORKSHOP: Quais os melh
placeholder
Bitcoin ultrapassa US$ 100 mil após indicação de nome pró-cripto para SECInvesting.com - O bitcoin atingiu uma máxima histórica ao ultrapassar a marca simbólica de US$ 100 mil nesta quinta-feira, 5, em reação à nomeação de Paul Atkins, defensor de criptoativos, para lidera
Autor  Investing.com
Ontem 02: 05
Investing.com - O bitcoin atingiu uma máxima histórica ao ultrapassar a marca simbólica de US$ 100 mil nesta quinta-feira, 5, em reação à nomeação de Paul Atkins, defensor de criptoativos, para lidera
Produtos relacionados
goTop
quote