Silver trades higher on US dollar weakness. It hit an intraday high of $34.10 and is currently trading around $34.097.
China's economic recovery is making a big impact on the silver market as industrial production grew 5.9% year-over-year and retail sales grew 4% year-over-year during January and February 2025, ahead of expectations and propelling silver prices higher because of increasing industrial demand. Fixed asset investment grew 4.1%, which shows increasing spending on industrial projects as well as infrastructure. While positive economic indicators propel commodity market sentiment, unemployment and U.S. tariffs remain challenges that require cautious policy measures to sustain growth. Recent statistics show a positive trend for silver demand in the coming months due to China's ongoing economic recovery
Trading Strategy and Key Levels for Silver
The commodity is trading above short-term (34 and 55 EMA) and long-term moving average (200- EMA) in the 4-hour chart. The near-term support is around $33.30 and any violation below will drag the commodity to $32.70/$31.80/$31.25/$31/$30/$29.60/$29/$28.40. The immediate resistance is at $34.20 any breach above targets $35/$36.
It is good to buy on dips in the $33.58-60 with a stop-loss at $32.70 for a TP of $35/$36.


Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves
Bitcoin Reserves Hit 5-Year Low as $2.15B Exits Exchanges – Bulls Quietly Loading the Spring Below $100K
U.S. Black Friday Online Spending Surges to $8.6 Billion, Boosted by Mobile Shoppers
Bitcoin Smashes $93K as Institutions Pile In – $100K Next?
EUR/USD Smashes 1.1660 as ADP Jobs Massacre Crushes the Dollar
Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification
U.S. Productivity Growth Widens Lead Over Other Advanced Economies, Says Goldman Sachs 



