Silver Shines Above $33 as US Inflation Cools, Boosting Investor Confidence

Silver prices (XAG/USD) surged past $33.00 on March 12, 2025, at three-week highs after softer-than-expected US inflation data. The Consumer Price Index (CPI) fell in February, and this fueled speculation regarding potential Federal Reserve rate cuts, which also made silver more appealing as an infl...

Silver prices (XAG/USD) surged past $33.00 on March 12, 2025, at three-week highs after softer-than-expected US inflation data. The Consumer Price Index (CPI) fell in February, and this fueled speculation regarding potential Federal Reserve rate cuts, which also made silver more appealing as an inflation hedge. Silver is trading at $33.21, up 0.90% from intraday lows of $32.70, at the time of writing. Technical indicators still call for further gains, as the Relative Strength Index (RSI) is still bullish. Buyers eye resistance at $33.39, February's high, where a break higher would take prices higher towards $34.00. However, fear of tariffs under President Trump's trade policies can impact market sentiment. Silver's bull trend mirrors its increasing status as a safe-haven asset during international economic uncertainty. Source: Reuters, FXStreet