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Silver Price Forecast: XAG/USD soars over 2% on stagflation woes igniting safe-haven demand
Silver price soared on Tuesday, registering gains of over 2.10%, as a weaker US Dollar could not cap the metal's advance amid increased fears of a stagflationary scenario, following a Conference Board (CB) Consumer Confidence poll. At the time of writing, the XAG/USD trades at $33.72, virtually unchanged.
Date:
25.03.2025 |
Source:
fxstreet.com
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Quotes
| Instrument | Price | Change (%) |
|---|---|---|
| EURUSD | 1.078530 | -0.045412% |
| GBPUSD | 1.290140 | -0.32237% |
| USDJPY | 150.359600 | +0.31062% |
| XAUUSD | 3024.970000 | +0.16888% |
| USDCAD | 1.426200 | -0.089669% |
| NZDUSD | 0.575240 | +0.35765% |
| USDCHF | 0.883770 | +0.15558% |
| AUDUSD | 0.631630 | +0.22055% |
| EURGBP | 0.836270 | +0.32993% |
| EURJPY | 162.181000 | +0.26832% |
| GBPJPY | 193.984560 | +0.002867% |
| AUDJPY | 94.976000 | +0.54626% |
| CADJPY | 105.434000 | +0.50522% |
| CHFJPY | 170.115000 | +0.20027% |
| NZDJPY | 86.500000 | +0.71959% |
| GBPCHF | 1.140190 | -0.13588% |
| EURCHF | 0.953210 | +0.11343% |
| USDMXN | 20.071320 | +0.12908% |
| USDZAR | 18.248800 | +0.02412% |
| USDTRY | 38.002530 | +0.16234% |
| USDRUB | 84.081470 | -0.64792% |
| USDSEK | 10.049630 | +0.15279% |
| USDCNY | 7.265230 | +0.12172% |
Upcoming Important Events
| Time | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 27.03.2025 | ||||
| 08:00 | Retail Sales MoM (Feb) | 0.5 | -1.4 | |
| 08:00 | Retail Sales YoY (Feb) | 1 | 2.2 | |
| 09:00 | Bank Austria Manufacturing PMI (Mar) | 46 | 46.7 | |
| 12:30 | 🇺🇸 | Continuing Jobless Claims (Mar/15) | 1890 | 1892 |
| 12:30 | 🇺🇸 | GDP Growth Rate QoQ (Q4) | 2.3 | 3.1 |
| 12:30 | 🇺🇸 | Goods Trade Balance (Feb) | -134.5 | -153.26 |
| 12:30 | 🇺🇸 | Gross Domestic Product QoQ (Q4) | 2.3 | 3.1 |
| 12:30 | 🇺🇸 | Initial Jobless Claims (Mar/22) | 225 | 223 |
| 12:30 | 🇺🇸 | Jobless Claims 4-Week Average (Mar/22) | 228 | 227 |
| 13:00 | 🇪🇺 | ECB Guindos Speech | ||