Silver Remains Range-Bound Amid Economic Uncertainty
Silver (XAG/USD) is trading near $30.36, facing similar headwinds as gold. Despite the U.S. dollar’s weakness, silver struggles to extend gains, as calmer market conditions have reduced demand for defensive assets. Unlike gold, silver is more exposed to industrial demand, and concerns over tariffs on metals such as aluminum, steel, and copper have kept traders cautious.
Weaker-than-expected U.S. economic data further complicates silver’s outlook. The U.S. Census Bureau reported a 2.2% drop in Durable Goods Orders for December, falling short of expectations. Meanwhile, the Conference Board’s Consumer Confidence Index declined in January, reflecting concerns over economic resilience. These data points add to uncertainty, which typically benefits safe-haven assets, but the absence of immediate financial stress has tempered silver’s upside potential.
Tariff Concerns and Economic Data Keep Markets on Edge
The prospect of new U.S. tariffs on key imports, including computer chips, pharmaceuticals, and industrial metals, has raised concerns over potential economic fallout. While such uncertainty often drives gold demand, the lack of immediate market distress has prevented a significant breakout.
With the Federal Reserve’s decision looming and economic indicators providing mixed signals, gold and silver remain in limbo. Traders will closely monitor upcoming policy statements and macroeconomic data for fresh direction, as both metals struggle to find strong momentum in the current environment.
Short-Term Forecast
Gold (XAU/USD) struggles below $2,766, facing selling pressure amid Fed uncertainty. Silver (XAG/USD) stays weak under $30.46, with a downward trendline reinforcing bearish momentum.
Gold Prices Forecast: Technical Analysis
Source: Gold (XAU) Silver (XAG) Daily Forecast: Tariff Concerns and Fed Outlook Keep Markets on
