International News
Silver price could aim for the upper boundary of the ascending channel near $33.50
Silver price could aim for the upper boundary of the ascending channel near $33.50.The 14-day RSI holding at the 50 mark reinforces the ongoing bullish bias. Immediate support is seen at the 50-day EMA around $32.21.
Silver (XAG/USD) remains a critical commodity in global markets, influenced by both macroeconomic factors and technical patterns. As of April 15, 2025, silver prices are trading at approximately $32.30 per troy ounce, maintaining strength for the fifth consecutive session. This report provides an in-depth analysis of silver’s price trends, focusing on its ascending channel pattern and key technical indicators.
Silver is currently trading around $32.30, supported by its position above both the nine-day and 50-day EMAs. This indicates robust short-term momentum in favor of a bullish trend.
- Immediate Support: The 50-day EMA at $32.21 serves as a crucial support level. A breach below this point could weaken short-term momentum15.
- Secondary Support: The nine-day EMA near $31.90 offers additional support2.
- Major Support: A significant downside risk lies at $31.50, followed by the seven-month low at $28.00 recorded on April 7
- Immediate Resistance: The upper boundary of the ascending channel near $33.50 represents the next upside target.
- Extended Resistance: A break above $33.50 could pave the way for testing the six-month high of $34.59 last seen on March 28, with further potential to reach $35—a psychological level last observed in 2012
The 14-day RSI is holding steady at the 50 mark, reinforcing bullish bias without entering overbought territory. This suggests that silver’s upward trajectory remains sustainable in the near term.
If XAG/USD decisively breaks above $33.50, it could target $34.59 and potentially extend gains toward $35—a level not seen since 2012. Such a rally would likely attract momentum traders and reinforce bullish sentiment. Failure to hold above immediate support at $32.21 may result in a pullback toward $31.90 or even deeper declines to $31.50 or $28.00, depending on broader market conditions
International News
Platinum Market Demonstrates Strong Resilience With Price Recovery
Rebound In Platinum Prices Is Primarily Attributed To Softer U.S. Dollar Sentiment and Declining Treasury Yields
Global commodities markets are observing a significant shift in precious metals, as platinum (XPL) demonstrates a robust price recovery following a stabilization period in key support zones. The asset class is currently experiencing a constructive short-term upward trajectory, heavily influenced by shifting macroeconomic indicators and evolving geopolitical dynamics.
The recent rebound in platinum prices is primarily attributed to a confluence of favorable macroeconomic factors, including softer U.S. dollar sentiment and declining Treasury yields. This capital reallocation toward precious metals has been further accelerated by a preliminary U.S.- Iran peace agreement. The geopolitical breakthrough has effectively mitigated energy inflation anxieties, providing a tailwind for industrial and precious commodities alike.
From a technical perspective, platinum has successfully established a firm baseline within the $1,650–$1,750 support corridor. Current market momentum indicates a near-term progression toward the $1,850–$1,900 resistance zone.
While current indicators support a bullish short-term structure, institutional analysts emphasize that the asset’s mid-to-long-term trajectory remains contingent upon upcoming regulatory and macroeconomic milestones.
The impending Federal Reserve policy decision serves as a critical focal point for the market. Stakeholders are advised to monitor the following primary risk factors that could impact market consolidation or trigger a breakout:
- Monetary Policy Signalling: A hawkish stance from the Federal Reserve could strengthen the U.S. dollar, potentially capping platinum’s upward momentum.
- Industrial Demand: As a dual-use asset, platinum’s long-term valuation remains closely tied to global industrial manufacturing output.
- Technical Breakouts: Sustained price action above the $1,900 threshold will be required to validate a broader macro-rally toward the next institutional target of $2,170.
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