Silver gained slightly after a minor decline. It hit a low of $32.65 and is currently trading around $33.34.
As of late April 2025, the gold-silver ratio stands at about 100:1, a peak not seen since the 2020 COVID-19 collapse, and so silver is quite undervalued relative to gold. Previously, ratios this high have been followed by silver rallies, and this disparity presently, where gold has risen 25% year-to-date to silver's 16% rise, indicates a possible change in market sentiment and retail opportunity. Gold is underpinned by safe-haven flows, central bank demand, and ETF demand, while silver's rising industrial demand due to green tech and renewables supports its price floor in the long run.
Trading Strategy and Key Levels for Silver
The commodity is trading above the short term (34 and 55 EMA) and long-term moving average (200- EMA) in the 4-hour chart. The near-term support is around $32.65 and any violation below will drag the commodity to $32/$31.85/$31.25/$30.75/$30/$29.60/$29/$28.40. The immediate resistance is at $33.20 any breach above targets $34/$35/$36.
It is good to buy on dips around $33 with a stop-loss at $32 for a TP of $35.


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