Silver benefits from the weakness of the dollar and geopolitical concerns
La Plata (XAG/USD) also advanced, quoting about $ 32.36 after reaching a maximum session of $ 32.94. Its attractiveness as an industrial shelter and active value has supported prices in an environment of a weaker US dollar. The US dollar index (DXY) remains below 101, providing a favorable context for silver.
Analysts point out that the greatest industrial demand in La Plata, combined with its attractiveness as a refuge value, makes it particularly sensitive to changes in market feeling.
The next data on initial unemployment applications in the United States could offer a greater perspective on the state of the US economy, potentially influencing the short -term direction of silver.
Focus on the FED policy and economic data
traders are also attentive to the next movements of the Federal Reserve. Although the FED maintained interest rates without changes in its last meeting, the cautious tone of President Jerome Powell regarding economic perspectives has kept the markets on alert.
Inflation and retail sales data in the United States, scheduled for later this week, will probably define the short -term trajectory of both gold and silver, while traders evaluate the Fed position on monetary policy.
Short -term forecast
The gold remains about $ 3,328, with a key support between $ 3,303 and $ 3,326. La Plata faces pressure around $ 32.36, with a critical resistance at $ 32.83 and support for $ 32.23.
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