Silver (XAG) Forecast: Is This Pullback Overdone or Just Getting Started?
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Silver experienced a significant pullback last week, dropping 2.29% to $33.03, driven by multiple macroeconomic factors. The Federal Reserve's cautious stance on rate cuts, a strengthening U.S. dollar, and weak Chinese industrial demand contributed to the metal's decline. The Fed's updated projections suggest only two potential rate cuts this year, with Chair Powell emphasizing the need for greater confidence in inflation progress.
March 22, 2025 | 10:45 am
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Silver prices are vulnerable to further selling due to Fed's cautious monetary policy, dollar strength, and uncertain Chinese demand. Key support levels are around $32.53–$31.81.
Multiple macroeconomic factors are converging to create downward pressure on silver prices. The Fed's limited rate cut expectations, a strengthening dollar, and weak Chinese industrial demand all contribute to potential further price decline.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100