Confirming you are not from the U.S. or the Philippines

Bằng cách đưa ra quyết định này, tôi tuyên bố rõ ràng và xác nhận rằng:
  • Tôi không phải là công dân hoặc cư dân Hoa Kỳ
  • Tôi không phải là cư dân của Philippines
  • Tôi không trực tiếp hoặc gián tiếp sở hữu hơn 10% cổ phần/quyền biểu quyết/lợi ích của cư dân Hoa Kỳ và/hoặc không kiểm soát công dân hoặc cư dân Hoa Kỳ bằng các phương thức khác
  • Tôi không thuộc quyền sở hữu trực tiếp hoặc gián tiếp hơn 10% cổ phần/quyền biểu quyết/lợi ích và/hoặc dưới sự kiểm soát của công dân hoặc cư dân Hoa Kỳ được thực hiện bằng các phương thức khác
  • Tôi không liên kết với công dân hoặc cư dân Hoa Kỳ theo Mục 1504(a) của FATCA
  • Tôi nhận thức được trách nhiệm của mình khi khai báo gian dối.
Theo mục đích của tuyên bố này, tất cả các quốc gia và vùng lãnh thổ phụ thuộc của Hoa Kỳ đều ngang bằng với lãnh thổ chính của Hoa Kỳ. Tôi cam kết bảo vệ và giữ cho Octa Markets Incorporated, giám đốc và cán bộ của công ty vô hại chống lại bất kỳ khiếu nại nào phát sinh từ hoặc liên quan đến bất kỳ hành vi vi phạm tuyên bố nào của tôi bằng văn bản này.
Chúng tôi trú trọng quyền riêng tư và bảo mật thông tin cá nhân của bạn. Chúng tôi chỉ thu thập email để cung cấp các ưu đãi đặc biệt và thông tin quan trọng về sản phẩm và dịch vụ của chúng tôi. Bằng cách gửi địa chỉ email của bạn, bạn đồng ý nhận những bức thư như vậy từ chúng tôi. Nếu bạn muốn hủy đăng ký hoặc có bất kỳ câu hỏi hoặc thắc mắc nào, hãy viết thư cho Hỗ trợ Khách hàng của chúng tôi.
Octa trading broker
Mở tài khoản giao dịch
Back

Silver Price Forecast: XAG/USD plummets to near $30 amid delay in Trump’s tariff hike plans

  • Silver price plunges to near $30.00 as US President Trump delays tariff hikes.
  • A delay in Trump tariff plans and hopes of a Russia-Ukraine truce have improved the market mood.
  • The Fed is widely anticipated to keep interest rates unchanged on Wednesday.

Silver price (XAG/USD) dives an almost 1.75% to near $30.00 in North American trading hours on Thursday. The white metal has been hit hard as the overall market sentiment has broadly stabilized. The market mood has become favorable for risk-perceived assets as United States (US) President Donald Trump has not imposed tariff hikes yet, while he was anticipated to do the same right on his first day at work.

Donald Trump has commented that he is considering 25% tariff hikes on Mexico and Canada and 10% on China that will come into effect from February 1. His presidential memo also suggested that tariffs are not coming swiftly, and he directed federal agencies to study trade policies and evaluate trade relationships. No concrete announcement of tariff hikes has eased the risk-aversion mood as market participants expect Trump’s tariff policy implementation will be more gradual than feared.

Apart from growing expectations that Russia might have a truce with Ukraine, it has also trimmed the risk premium of precious metals. Trump has threatened to impose sanctions on Russia if he continues the war with Ukraine.

Historically, the safe-haven demand for precious metals, such as Silver, diminishes in a stable risk environment.

Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades subduedly after gaining ground post refreshing the two-week low of 107.75. The US Dollar (USD) is expected to remain broadly sideways, with investors awaiting the Federal Reserve’s (Fed) monetary policy decision on Wednesday. The Fed is almost certain to announce a pause to the current policy-easing spell and leave interest rates unchanged in the range of 4.25%-4.50%.

Silver technical analysis

Silver price falls back to near the 20-day Exponential Moving Average (EMA) around $30.25 after failing to break above the upward-sloping trendline around $30.90, which is plotted from 29 February 2024 low of $22.30 on a daily timeframe.

The broader outlook of the Silver price remains firm above the 200-day Exponential Moving Average (EMA), which trades around $29.50.

The 14-day Relative Strength Index (RSI) oscillates in the 40.00-60.00 range, suggesting a sideways trend.

Silver daily chart

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

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.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

 

AUD/USD oscillates below 0.6300 as investors await more clarity on Trump’s tariff policy

The AUD/USD pair trades in a narrow range below the immediate resistance of 0.6300 in Thursday’s North American session.
Đọc thêm Previous

Eurozone Consumer Confidence meets expectations (-14.2) in January

Eurozone Consumer Confidence meets expectations (-14.2) in January
Đọc thêm Next