Daily Gold (XAU/USD)Gold, often viewed as silver’s counterpart, has outperformed with a breakout above $2,726.30, pushing prices closer to record highs at $2,790.17. A weaker U.S. dollar—currently near a two-week low—has further supported safe-haven assets like gold and silver. However, gold has benefited more directly from its inflation-hedging appeal, which silver has struggled to fully capitalize on.
Market Forecast: Cautious Optimism for Silver
In the short term, silver’s outlook will hinge on external factors such as U.S. tariff announcements, China’s industrial recovery, and policy direction in the renewable energy sector.
While its technical setup remains bullish, silver needs stronger demand cues, particularly from China and the solar industry, to reignite momentum. Traders should watch for developments in U.S.-China trade relations and further indications of Federal Reserve policy, as these factors could drive renewed interest in the metal.
