- The price of silver is $ 32.60 from the US dollar.
- US NFP data influence speculations on the Fed Monetary Outlook market.
- US-China trade tensions reduce the demand for safe healing assets.
The silver price (XAG/USD) will move to $ 32.60 on Friday in European trading hours. White metal increases as the US dollar (USD) heals before the United States (USA) non -agricultural payroll (NFP) data in April, which will be published at 12:30 pm GMT.
The US Dollar Sex (DXY), which monitors the value of Greenback to six main currency, is 99.90 close to the highest 100.37. Technically, the US lower dollar makes the silver price value for investors.
The US NFP report is expected to show that the economy has added 130,000 fresh employees, which is significantly lower than March reading 228k. The unemployment rate is considered to be a steady 4.2%. Investors pay close attention to US NFP data as it shows the impact of mutual tariffs announced by President Donald Trump on the so -called “Liberation Day” on April 2. Labor market data influences the expectations of the market for the Federal Reserve (FED) monetary policy.
In addition, the hopes of the US and Chinese trade war escalation have also supported the price of silver. Demand for silver as an industrial contribution would increase as the Syno-U-US tariff dispute is resolved. Market experts review their economic forecasts for China as it concludes a trade agreement with the US that had previously been muted. Silver has applications in various industries, such as electric vehicles (EV), mining and electronics, etc.
However, relieving the tensions of US-China trade reduces demand for silver assets. Historically, the attractiveness of safe assets, such as silver, during increased global economic tensions, improves.
Silver technical analysis
The price of silver is in trouble over three weeks of height of about $ 33.70. The short-term outlook of white metal has become uncertain as it is less than 20 days of exponential moving average (mother), which trades about $ 32.65.
The 14-day relative strength index (RSI) drops below 50.00 after it does not break over 60.00, indicating that investors are no longer bullish.
Looking up, the highest $ 34.60 in March 28 acts as a metal key. The downside is the lowest low -low $ 30.90 in April.
Silver chart
Silver
Silver is a precious metal with high trading in investors. It is historically used as a means of value and exchange. Although traders are less popular, traders may turn to silver to diversify their investment portfolio, its internal value or potential risking during the high inflation period. Investors can buy physical silver in coins or bars or trade through vehicles such as exchange funds that monitor its price in international markets.
Silver prices can move due to a variety of factors. Geopolitical instability or fears of a deep recession may escalate the price of silver due to its safe status, albeit to a lesser extent than gold. Silver tends to rise at lower interest rates as a sawless property. Its moves also depend on how the US dollar (USD) behaves when assets are valued (XAG/USD). A strong dollar tends to keep the silver price in quiet, while the weaker dollar is likely to push prices. Other factors, such as investment demand, mining offer – there is much more silver than gold and recycling rate can also affect prices.
Silver is widely used in industry, especially in sectors such as electronics or solar energy, as it has the highest electrical conductivity of all metals – more than copper and gold. Increased demand can increase prices while the decline tends to lower them. Dynamics in the US, China and India can also contribute to price changes: for the United States and especially China, their large industrial sectors use silver in various processes; In India, consumer demand for jewelery precious metal also plays a key role in determining prices.
Silver prices tend to follow the golt course. When gold prices rise, silver usually follows an example, as their status as safe worsening assets are similar. The ratio of gold/silver, which shows the number of silver units to equalize one ounce value, can help determine the relative evaluation of both metals. Some investors may consider a high relationship as an indicator that silver is underestimated or gold is overestimated. On the contrary, a low ratio may indicate that gold is underestimated in silver.
