Silver Price Forecast: XAG/USD Surges to $36.50 Amid Rising Safe-Haven Demand

XAG/USD Surges to $36.50 as Tariff Fears Drive Safe-Haven Demand

Silver (XAG/USD) extended its recovery on Tuesday, reaching an intraday high of $36.50, fueled by growing investor demand for safe-haven assets amid escalating trade tensions. The rebound follows a solid bounce from Monday's low near $35.40, a crucial technical support level.

Global Trade Concerns Resurface

The rally in silver comes as investors grow increasingly uneasy about the global trade environment. US President Donald Trump expressed frustration over stalled trade negotiations with Japan. Meanwhile, Treasury Secretary Scott Bessent has reiterated threats of implementing new tariffs as early as July 9, even as talks continue. This uncertainty has led to a noticeable risk-off tone across markets.

Technical Perspective on XAG/USD

The pair now trades well above the key support at $35.40, suggesting bullish momentum could extend if the sentiment remains cautious. However, the price is showing signs of indecisiveness, as traders await fresh catalysts for the next move.

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