INSUBCONTINENT EXCLUSIVE:
Silver trades at $31.243 per ounce on April 11, 2025, at 06:59 UTC, down 0.01% from the previous close.Global markets show slight
ounce.This stability follows a turbulent week, reflecting broader economic and policy shifts impacting the precious metal
Silver faced sharp volatility earlier this week, dropping from $31.955 on April 3 to a low of $30.682 by April 4.Recession fears, sparked by
tariff announcements, drove the decline, while a stronger U.S
However, prices rebounded on April 10, climbing above $31 as U.S
President Trump revised tariff rates to 10% for most trading partners, easing market concerns.Overnight, silver consolidated between $31.00
and $31.30, signaling a pause after the recovery
Recovery in Global Markets
demand remained weak due to uncertainty
Technical analysis highlights a bearish short-term trend, with silver trading below its 200-period moving average near $32.00.Silver Market
UpdateThe price tests resistance at $31.65, with support at $30.25
A triangle pattern suggests a potential breakout to $36.65 if momentum holds, but a drop below $30.55 could push prices toward $27.25.Global
demand at 1.20 billion ounces, with industrial use growing 3% to 700 million ounces, fueled by green energy and electronics
demand expected to rise 3% in 2025, mainly in Europe and North America
However, precious metals ETFs saw outflows, with $1 billion exiting SPDR Gold Shares from April 3 to 7 after a $6 billion inflow earlier
this year.This shift reflects profit-taking amid market volatility
Analysts forecast silver at $31.29 by mid-2025, potentially reaching $33.79 within a year, indicating moderate growth.The U.S
economic data and trade developments
support, but industrial and economic challenges persist
