Silver Market Analysis – June 3, 2025
Silver (XAG/USD) is showing clear signs of intraday recovery, as it consolidates above a key technical support pivot at $34.30. This level is acting as a springboard for bullish momentum, and traders are watching closely for a breakout move toward $35.10 and $35.40.
With the broader commodities market finding support due to inflationary pressures, strong industrial demand, and weakening USD sentiment, silver remains fundamentally and technically supported.
Intraday Technical Outlook
| Key Level | Price |
|---|---|
| Pivot Point | $34.30 |
| Resistance 1 | $35.10 |
| Resistance 2 | $35.40 |
| Support 1 | $34.00 |
| Support 2 | $33.60 |
Trading Strategy – XAG/USD
✅ Bullish Bias (Preferred Scenario):
- Entry: Long positions above $34.30
- Targets: First at $35.10, extended to $35.40
- Justification:
- Price is bouncing from rising support
- RSI is heading upward with room to move
- MACD indicates bullish crossover
🔻 Alternative Scenario (Bearish Reversal):
- Entry: If silver drops below $34.30
- Targets: $34.00 and then $33.60
- Risk Factors: Dollar strength, profit-taking, or weakening industrial data
💬 Analyst Comment
“While silver remains within a broader consolidation range, today’s intraday technicals point toward a bullish recovery. As long as $34.30 holds, momentum favors a retest of recent highs near $35.40.”
Technical Summary
| Indicator | Signal |
|---|---|
| RSI (14) | Above 55 (neutral to bullish) |
| MACD | Bullish crossover |
| 50 EMA | Upward sloping |
| Volume | Increasing near support |
| Price Pattern | Bullish flag forming |
Key Drivers for Silver Prices Today
- Inflationary Trends: Investors are turning to hard assets amid inflation fears.
- U.S. Dollar Weakness: DXY under pressure, offering tailwind to silver.
- Industrial Demand: Growing global manufacturing supports silver consumption.
- Commodities Recovery: Broader metals rally, including copper and platinum, adds positive sentiment.
Silver Price Projection for the Week
If silver sustains above $34.30, the short-term trend suggests a potential rally toward the $35.60–$36.00 range by mid-week. Conversely, a breakdown below $34.00 could temporarily test the $33.60 zone, though the broader uptrend remains intact.
Weekly Outlook – Bullish Potential
| Forecast Range | Probability |
|---|---|
| $35.40 – $36.00 | High |
| $34.00 – $33.60 | Moderate |
| Below $33.50 | Low |
Frequently Asked Questions (FAQs)
1. What is today’s silver price forecast for June 3, 2025?
Silver is expected to remain bullish above $34.30, with price targets at $35.10 and $35.40 if upward momentum holds.
2. Is silver a good investment in June 2025?
Yes. Silver continues to benefit from safe-haven demand and industrial usage, making it a strong hedge during inflationary and volatile periods.
3. What are the major support and resistance levels today?
- Support: $34.00 and $33.60
- Resistance: $35.10 and $35.40
4. What factors are influencing silver prices right now?
Silver is driven by inflation concerns, weakening USD, strong industrial demand, and global economic conditions.
5. Where can I trade silver (XAG/USD)?
Silver can be traded on platforms such as TradingView, MetaTrader, Binance, and most forex and commodities brokers.
6. Could silver fall below $34.00 this week?
If market sentiment shifts sharply or the dollar strengthens unexpectedly, silver may test $34.00. However, the trend currently favors buyers.
Disclaimer
This article is for informational and educational purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset, including silver. Always perform your own research and consult with a certified financial advisor before making investment decisions. Trading commodities involves risk and may not be suitable for all investors.
