USDJPY
EURUSD
USDJPY
Silver Price Forecasts: XAG/USD nears all-time at $93.90 on risk aversion
Key Takeaways (30s Read)
Silver (XAG/USD) is approaching all-time highs at $93.90 amid heightened risk aversion following U.S. tariffs.
Silver (XAG/USD) is trading above $93.00, very close to the all-time high of $93.90 hit last week. This price action is driven by a strong risk-averse sentiment following U.S. President Trump's announcement of additional tariffs on major European partners. The market is currently characterized by heightened investor caution, prompting increased demand for silver, a traditional haven asset amidst economic uncertainty. The Trump administration's policy changes are sending ripples through the market, which may have implications moving forward. Should silver break above the $93.90 level, it could signal the start of a new bullish trend; conversely, a rejection at this level may lead to a corrective phase.
AI Analyst
AI Opinion
"The silver market is experiencing a strong upward trend fueled by heightened risk aversion. President Trump's announcement regarding increased tariffs has instilled a sense of unease among market participants, resulting in growing demand for safe-haven assets like silver. These macroeconomic factors are likely to further support silver price elevation, making the $93.90 level a crucial point to watch. However, from a technical perspective, it is important to keep an eye on potential rejection at this significant level, which could prompt a selling scenario. Participants must maintain a sharp sensitivity to upcoming newsflow, as it can heavily influence market dynamics."
RECOMMENDED BROKER Trusted Broker
Maximize This Opportunity.
Turn AI-detected market inefficiencies into profit with industry-leading specs. There's a reason pros choose Exness.
Raw Spreads
0.0 pips~
Leverage
Unlimited
Execution
Instant
AI Market Analysis Team
Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.