Silver price forecast from commodity research desks

Silver price forecast from commodity research desks indicates volatility tied to upcoming U.S. jobs report. Strong labor data may dampen rally prospects slightly, but heavy buying in Asian markets supports the medium-term bullish trend. Support remains firm at $27.70. Analysts attribute the surge in gold prices to a multitude of factors, including a weaker US dollar, inflation, trade tariffs, and political uncertainty due to a potential US government shutdown. 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. Short-term silver price forecast points toward modest gains as the USD index trends lower. CME silver futures trade at $28.12, illustrating investor confidence despite global equity market uncertainty. The MACD crossover on daily chart signals potential sustained momentum.