5:24 PM ยท 2 June 2025

SILVER soars 5% approaching $35 zone and 2-month highs ๐Ÿ“ˆ

Silver prices are surging today almost 5% in line with gold, which is posting almost 2.4% gain. Precious metals surge on weakening US dollar, increasing geopolitical tensions (Ukraine - Russia, Iraq and Taiwan) and fiscal pressure which is increasing US treasuries yields and debt-financing debt model. The US budget may be even harder to finance, due to Trump initiatives such as tax cuts and social programs. The demand for safe haven assets lifts silver higher today, fuelling the investors' appetite for multi-year highs on silver market. The major resistance zone is now $35, while the important long-term support is set at $32 zone (EMA200, the red line), and $29-30, supported by previous price action (local lows from December 2024 and April 2025).

 

Source: xStation5

2 November 2026, 6:57 PM

Daily Summary: A Rollercoaster Ride in the Commodities Market๐ŸšจOil Drops 7%; Gold Rallies Over 2%๐Ÿ’ฅ

2 November 2026, 4:57 PM

๐ŸšจOil and gas in Europe in a panic sell-off

2 November 2026, 11:31 AM

Chart of the Day: Brent crude falls despite Trump's words about no desire to negotiate

2 November 2026, 6:40 AM

Economic Calendar - Global series of industrial PMI indicators and tech giants' results

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits