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BTCC / BTCC Square / Global Cryptocurrency /
Silver Climbs 1.4% to $33 as Juanicipio Deal and Geopolitical Tensions Fuel Rally

Silver Climbs 1.4% to $33 as Juanicipio Deal and Geopolitical Tensions Fuel Rally

Author:
Global Cryptocurrency
Published:
2025-05-13 07:44:02
11
2

Silver (XAG/USD) surged past $33, marking a 1.4% intraday gain amid bullish sentiment fueled by corporate consolidation and escalating geopolitical tensions. Pan American Silver’s acquisition of MAG Silver’s stake in the high-grade Juanicipio mine has bolstered its production portfolio, adding momentum to the rally.

Despite the upward trajectory, silver faces headwinds from a strengthening US dollar and easing global anxiety as US-China trade talks show progress. Technical indicators suggest resistance levels at $33.66 and $34.59, with support holding above the 50-day EMA.

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