Silver prices have surged, with XAG\/USD reaching above $93.00, close to the all-time high of $93.90. This rise is driven by a risk-averse sentiment following President Trump’s announcement of additional tariffs affecting major European countries.<\/p>\n
Trump’s decision includes 10% levies on eight EU countries in response to their stance against the US annexation of Greenland. This announcement has led to calls from Eurozone leaders for a strong reaction, marking a rise in tensions among Western nations.<\/p>\n
Technical analysis indicates XAG\/USD is trading at $93.12, with indicators showing a bullish trend. The MACD is nearing a bullish crossover, and the RSI at 61 suggests strong momentum.<\/p>\n
Resistance stands at $93.90, with a projected target at $99.25 based on the Fibonacci extension. Support lies at the January 15 and 16 lows, around $85.45, followed by the January 7 highs and January 13 low near $83.00.<\/p>\n
The US Dollar experienced mixed performance against major currencies, decreasing 0.22% against the Euro and 0.13% against the Japanese Yen. Meanwhile, the Swiss Franc was notably strong against the Dollar, increasing by 0.51%.<\/p>\n
With silver pushing past $93.00, the immediate focus is on bullish strategies due to the escalating trade tensions between the US and EU. We saw a similar flight to safety during the early stages of the tariff disputes in 2025, where precious metals saw a sustained rally for several weeks. The CBOE Volatility Index (VIX) has already jumped over 20% in the last five trading days, signaling that market fear is high and traders are actively seeking safe-haven assets.<\/p>\n
Derivative traders should consider buying call options to capitalize on further upward momentum while defining their risk. Given the technical target of $99.25, call options with a $95.00 strike for February or March expiration offer a direct play on this bullish trend. Implied volatility for these contracts has surged to over 40%, a level not seen in the past six months, indicating that the market is pricing in a significant price swing.<\/p>\n
To manage the risk of a sharp reversal from these near-record highs, purchasing put options as a hedge is a prudent move. The $85.45 level serves as a strong support area, making puts with an $85.00 strike a cost-effective way to protect long positions or speculate on a pullback. Historically, after such rapid ascents like the one we saw in spring 2025, silver prices have experienced corrections of 10-15% within a short period.<\/p>\n
The broader market shows a weakening US Dollar against commodity currencies, which typically supports metal prices. This environment strengthens the case for being long silver, as a declining dollar makes it cheaper for holders of other currencies. We can also observe that open interest in silver futures contracts has increased by 12% over the last week, confirming that new money is flowing into the bullish side of the trade.<\/p>\n","protected":false},"excerpt":{"rendered":"
Silver prices surge past $93.00 amid tariff tensions; bullish momentum targets $99.25 with strong technical signals.<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-39524","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/39524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=39524"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/39524\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=39524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=39524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=39524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}