Silver prices (XAG/USD) have stabilized near .90 per troy ounce during European trading hours, recovering from recent losses seen in the previous session. The price action reflects a mixed market sentiment as traders balance expectations of U.S. Federal Reserve rate cuts against ongoing economic uncertainties. While the Fed's dovish stance has historically supported precious metals, recent data showing resilient inflation and labor market strength have dampened aggressive cut expectations, limiting silver's upward momentum. For traders, the current consolidation near .00 is critical as it tests the psychological level of . A sustained break above this could reignite bullish momentum, while a drop below .50 may signal renewed bearish pressure. The metal's performance is also influenced by the U.S. dollar's strength and global industrial demand, particularly in the Gulf region where silver is used in electronics and renewable energy projects. Looking ahead, investors should monitor upcoming Fed speeches and inflation data for clues on monetary policy direction. Technical indicators suggest a potential range-bound scenario between .00 and .50 in the short term. For Gulf investors, the interplay between dollar movements and silver's industrial/commodity demand will be key factors to watch.
مباشر