Silver price recovers
The spot silver price’s rally from its 28 February low at $30.81 per troy ounce has taken it to last week’s $32.76 high before giving back gains for three straight days.
On Tuesday a recovery rally from its intraday $31.81 low seems to be propelling the silver price back towards last week’s peak at $32.76 amid heightened uncertainty regarding the US economy. Above $32.76 lies the February peak at $33.39.
Below Tuesday’s $31.81 intraday low the 2025 uptrend line and 55-day simple moving average (SMA) can be spotted at $31.15.