Silver Price Forecast: XAG/USD has already enjoyed a nice gain in the past couple of weeks. The main reason behind this is that the Fed is easing up on their monetary policy. With the tightening of the purse strings, it is expected that the trade between the USD and the XAG will turn even stronger.
Silver Price Forecast: XAG/USD will enjoy a better market position with the inflation rate remaining at its current level. Of course, we don’t want to take the outlook for the currency too far. However, this is a bullish call because of the economic data that was released recently.
It doesn’t matter how the inflation rate is measured. The fact that the statistics show that the number of people who are applying for unemployment benefits is increasing doesn’t matter at all. In fact, it is likely that this increase in application rate is just part of the normal process.
Unemployment claims have risen this month for the sixth month in a row. At the same time, many people have been laid off in the last few months. This further supports the view that many people are unable to make ends meet.
Silver Price Forecast: XAG/USD is going to retain its bullish trend. We can expect the market to come back higher after the unemployment rate has come down. In the near future, we can expect the market to come back up again.
It doesn’t matter what people are thinking about gold or silver. The outlook for the commodity isn’t as positive as other commodities. This is because some people are not anticipating a substantial rebound of the financial markets. Various technical indicators indicate that the S&P 500 index is expected to open at around two hundred and fifty and end at around two hundred and twenty-five. There is a slight chance that the index will fall slightly lower. However, the chances are very low.
XAG/USD has already broken above the fifty-dollar-line. There is a good chance that the benchmark can start a strong upward swing. In addition, we can expect that the XAG price will return to the low-$.80s-per-ounce mark once again.
We know that industrial silver stocks are seeing a surge. The data that was released by the Federal Reserve shows that industrial production has increased by an astonishing seven percent in January. This is the best news that could come out of this announcement.
Industrial silver stocks will most likely gain momentum when they cross the two hundred mark. This has been confirmed by many bulls and bears alike. When this happens, the bullish team will profit big time.
Silver Price Forecast: XAG/USD has gained a lot of strength recently. The majority of the experts believe that this price is going to go to a new all-time high within the next couple of months. If they get to the high side, there is a good chance that it will take a long period of time before the price falls back to the previous level.
Silver Price Forecast: XAG/USD is probably going to climb to over $30 per ounce by the end of the year. This will be a very important historical milestone. One can expect XAG to resume its upward swing at some point during the first quarter of 2020.