Silver Price Forecast: Will Ceasefire Uncertainty Drive the Next Big Move?
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Silver rebounded above $75 after the US-Iran ceasefire eased oil prices, with strong industrial demand and equity market strength supporting a constructive outlook as long as $50 holds.
Silver (XAG) price turned into a pure macro trade during the US-Iran war. As the conflict pushed oil sharply higher, the market began to discount increased inflation pressure, tighter financial conditions and greater pressure on growth assets. That was a greater hurt to silver than to gold, since silver is not a precious metal only. It is also an industrial metal that is associated with manufacturing, electronics, solar demand and risk appetite.