Silver rose for a third day on Friday as safe-haven demand increased amid rising US-Iran tensions. XAG\/USD traded near $82.80 and was set for a weekly gain of more than 5%.<\/p>\n
Prices recovered after falling to nearly two-week lows earlier in the week. Gains continued despite a stronger US Dollar.<\/p>\n
Tension grew as the United States increased its military presence in the Middle East. On Friday, President Donald Trump said he was considering a limited strike on Iran.<\/p>\n
On Thursday, Trump said Tehran must reach a \u201cmeaningful deal\u201d or face \u201cbad things\u201d. He said he expected clarity on a new nuclear agreement within 10 to 15 days.<\/p>\n
Supportive factors included steady institutional inflows, resilient industrial demand, and expectations of lower US interest rates later this year. The short-term technical picture improved on the 4-hour chart.<\/p>\n
Price hovered near the upper Bollinger Band as the bands started to widen, indicating higher volatility. MACD stayed above the Signal line in positive territory, with the histogram widening.<\/p>\n
RSI held near 66, below overbought levels. A break above $82.39 could target $86.00, then resistance near $92.00.<\/p>\n
Immediate support sat at the 20-period SMA at $77.34. Below that, levels to watch were $72.16 and then $64.00.<\/p>\n
We are seeing bullish momentum build for silver, mirroring the technical setup from last year when similar geopolitical risks flared up. The current price action is pressing against the upper Bollinger Band, suggesting traders should prepare for increased volatility and upside potential. With the MACD and RSI showing firm upward traction, we believe that buying on minor dips is the correct strategy for the coming weeks.<\/p>\n
This situation feels familiar, as escalating tensions in the Red Sea are fueling safe-haven demand much like the US-Iran friction did in 2025. This persistent geopolitical risk premium provides a solid floor for silver prices. The market is demonstrating resilience by climbing even against a relatively firm U.S. Dollar.<\/p>\n
Underlying fundamentals provide a strong tailwind for our bullish view. Industrial demand for silver, particularly from the solar panel and electric vehicle sectors, hit a record 632 million ounces in 2023 and shows no signs of slowing. This consumption acts as a significant long-term support level that should not be underestimated.<\/p>\n
Furthermore, expectations for shifts in monetary policy are becoming a key driver. While U.S. inflation data from January showed a stubborn 3.1% annual rate, the market is pricing in Federal Reserve rate cuts for later this year. These anticipated lower rates will likely pressure the dollar and boost the appeal of non-yielding assets like silver.<\/p>\n
Given the strengthening momentum, we should consider buying call options to capitalize on a potential move towards higher strike prices. Look at options expiring in the next 45 to 60 days to capture this expected move. This strategy allows for significant upside exposure while clearly defining our maximum risk.<\/p>\n
However, we must remain disciplined with risk management. A decisive break below the 20-period moving average would be our first signal to reduce long exposure. Setting stop-losses or purchasing protective put options is a prudent hedge against any sudden reversal caused by a de-escalation in global tensions.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Silver rose for third day as US-Iran tensions boosted safe-haven demand, lifting XAG\/USD toward $82.80.<\/p>\n","protected":false},"author":62,"featured_media":16980,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-42467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\n\t\t