Silver Price Forecast: XAG/USD rallies 4% as trade war fears drive safe-haven flows

💡 DMK Insight

Silver’s recent surge mirrors gold’s, driven by trade policy shifts and geopolitical tensions. This uptick indicates a flight to safety, which traders should note as it often precedes broader market volatility. The correlation between silver and gold suggests that as long as these geopolitical risks persist, both metals could see continued upward momentum. Traders should keep an eye on key resistance levels for silver, particularly if it approaches recent highs, as a breakout could signal further gains. However, it’s worth considering that such rapid movements can lead to overbought conditions, so monitoring RSI levels will be crucial. If the geopolitical landscape stabilizes, we might see a pullback, making it essential to stay agile in positioning. Watch for any news that could shift sentiment, as that could impact both silver and gold significantly.