Silver price closing session 25. 8: Domestic and world silver prices simultaneously decrease

Domestic silver prices

World silver price

As of 6:45 PM, world silver prices increased by 0.24% to 68 USD/ounce, down 1.02 USD/ounce.

Silver price forecast

Silver prices are forecast to still be affected by macroeconomic factors dominating the precious metals market, notably the diễn biến of the USD, the interest rate policy of the US Federal Reserve (Fed) and investors' defensive sentiment.

In the most recent session, silver had a period of profit-taking pressure after a strong increase, when this metal just surpassed the 70 USD/ounce zone. The recovery of the USD makes silver less attractive to investors holding other currencies.

However, supporting factors such as concerns about financial risks, the need to seek safe assets and expectations about US monetary policy may still create support for silver prices in the near future.

The market is currently focusing on US inflation data and new signals from the Fed to assess interest rate outlook. In a high interest rate environment, non-profit assets such as gold and silver are often under pressure due to increased opportunity cost holdings. Conversely, if expectations of the Fed maintaining a less tight monetary policy, cash flow may return to support the precious metals group.

Besides the monetary factor, silver also has the characteristic of being an important industrial metal, so the developments of production demand, especially in the fields of renewable energy and technology, are also factors that need to be monitored. This may cause silver prices to fluctuate differently from gold in some periods, when it is simultaneously affected by both investment demand and actual usage demand.

Technically, the 70 USD/ounce zone is being considered an important milestone for the short-term trend of silver. If it is surpassed and maintained above this zone, the silver price may move towards higher resistance zones around 71.5-72 USD/ounce. Conversely, if selling pressure increases, the 68 USD/ounce zone is considered a support area that needs to be monitored.

Although long-term prospects still receive support from many factors, the silver market still has potential risks of correction after strong gains. Investors need to further monitor the diễn biến of the USD, US bond yields, Fed policies and new economic data before making a decision.