Silver Price Outlook: XAG/USD Surges Beyond $36 Amid Value Buying Ahead of US NFP

Silver Price Surges Beyond $36 on Value-Buying Momentum

Silver (XAG/USD) rallied to a near 10-year high at approximately $36.20 on Friday. Market analysts highlight silver’s undervaluation relative to gold as a key driver, attracting buyers keen on value plays. Commerzbank experts emphasize the metal's ongoing supply deficit, marking the fifth consecutive year, though they expect this deficit to narrow as demand softens and supply rises.

Eased US-China Trade Tensions Bolster Silver’s Upside Potential

Following President Donald Trump’s announcement of a constructive conversation with Chinese leader Xi Jinping, US-China trade tensions have eased. This positive development supports risk sentiment and provides additional tailwinds for precious metals, including silver.

Market Awaits US May Nonfarm Payrolls for Fed Policy Insights

Traders are now focused on the upcoming US Nonfarm Payrolls data for May, anticipating fresh insights into the Federal Reserve’s monetary policy stance. The employment report is expected to influence silver price movements in the near term.

Related Reads on Tredu:

• Gold vs Silver: Understanding the Ratio and Investment Trends
• How US-China Trade Talks Influence Commodity Markets
• US Nonfarm Payrolls: Key Data and Market Implications