Silver Surges Amid Geopolitical Tensions and Fed Speculation

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-06 08:03:02

Silver (XAG/USD) has rallied sharply from $32.00 to test $33.08, fueled by escalating geopolitical risks and shifting expectations around Federal Reserve policy. The move comes as former President Trump proposes aggressive new tariffs, including 100% duties on foreign films and potential pharmaceutical levies, reigniting safe-haven demand for precious metals.

Technical indicators suggest bullish momentum could push prices toward $33.47-$33.69 if $33.10 resistance breaks. However, dollar strength ahead of the Fed’s next decision may cap gains. market participants are closely monitoring the metal’s ability to sustain these levels amid volatile macroeconomic crosscurrents.

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