Even as the Stochastic continues  to send out negative signals, as the price holds its ground above $5.00, it underpins the upward trend, however the price might engage in some sideways trading to gather enough momentum and rush towards $5.150, then target the major resistance at $5.340.

However, a breach of $5.00 would send the price towards more correctional negative trades towards $4.9200, then $4.8100.

Expected trading range today is between $5.000 and 

$5.1500.

Today’s price forecast: Bullish

Platinum price kept trying to regain the upward trend with positive signals from major indicators, thus holding its ground above the 55 SMA, which recently represented an additional support at $964.00, with the price snagging some gains by wavering near $990.00.

The price  will likely form additional ascending waves and might try to pressure the $1000.00 barrier, with a breach sending the price towards the 61.8% Fibonacci retracement level near $1017. 

Expected trading range today is between $975 and $1000.

Today’s price forecast: Bullish

• Silver price trades sideways around $34.00 as investors await the release of a detailed reciprocal tariff plan by US President Trump on Wednesday.
• Trump tariffs will result in a downgrade of global economic growth, including the US.
• Fed Daly’s confidence has declined in her expectations of two interest rate cuts this year.

Silver price (XAG/USD) wobbles around $34.00 in Monday’s European session. The white metal trades flat as investors have sidelined to have a clear view on global economic outlook, with United States (US) President Donald Trump to unveil reciprocal tariffs on Wednesday.

Donald Trump is set to announce reciprocal levies on so-called “Liberation Day” after which tariffs be equivalent charged by other nations on the US for same products. The impact of reciprocal tariffs is expected to be significant on the global economic growth. The appeal of precious metals, such as Silver, increases amid heightening global economic tensions.

Investors expect Trump tariffs will also weaken the US economic growth, given that the impact of higher tariffs will be borne by US importers. This will also result in a resurgence in inflationary pressures.

Fears of US economic risks and accelerating price pressures in the near term have forced federal Reserve (Fed) officials to maintain a restrictive monetary policy guidance. On Friday, San Francisco Fed Bank President Mary Daly expressed that her confidence is easing in her expectations that there will be two interest rate cuts this year. Her confidence on two interest rate cuts this year shaken after the release of the US core Personal Consumption Expenditure Price Index (PCE) data for February, which accelerated at a faster-than-expected pace of 2.8% compared to estimates of 2.7% and the former release of 2.6%.

Historically, firm expectations for the Fed’s higher-for-longer interest rate stance weigh on non-yielding assets, such as Silver.

Silver technical analysis

Silver price advances toward the flat border of the Ascending Triangle chart pattern formation on the daily timeframe near the October 22 high of $34.87. The upward-sloping border of the above-mentioned chart pattern is placed from the August 8 low of $26.45. Technically, the Ascending Triangle pattern indicates indecisiveness among market participants.

The 20-day Exponential Moving Average (EMA) near $33.30 continues to provide support to the Silver price.

The 14-day Relative Strength Index (RSI) rebounds above 60.00, suggesting a resurgence in bullish momentum.

Looking down, the March 6 high of $32.77 will act as key support for the Silver price. While, the October 22 high of $34.87 will be the major barrier.

Silver daily chart

Natural gas has broken decisively above a months-long descending trendline, with prices pushing through both the 50 EMA ($3.974) and 200 EMA ($3.937). The breakout is supported by a bullish ABCD harmonic pattern completing near $3.755, marking a strong inflection point.

Price is now trading comfortably above $4.00, with momentum accelerating toward the next key resistance at $4.228, followed by $4.416. This move confirms the end of the recent consolidation phase and suggests a shift in sentiment.

A sustained hold above $4.00 strengthens the bullish case, particularly with both EMAs now trending upward. Should prices dip, immediate support rests at $3.938, then $3.755—the breakout level and harmonic support.

With volume increasing on the breakout and structure aligning, bulls appear to have regained control. Natural gas breaks out above trendline and key EMAs. Bullish above $4.00, targeting $4.228 and $4.416. Pullbacks may attract buyers near $3.938.

WTI Oil Price Forecast

Even as the Stochastic continues  to send out negative signals, as the price holds its ground above $5.00, it underpins the upward trend, however the price might engage in some sideways trading to gather enough momentum and rush towards $5.150, then target the major resistance at $5.340.

However, a breach of $5.00 would send the price towards more correctional negative trades towards $4.9200, then $4.8100.

Expected trading range today is between $5.000 and 

$5.1500.

Today’s price forecast: Bullish

• Silver price gains momentum to near $34.35 in Monday’s early European session. 
• Fears of trade wars and geopolitical tensions boost the safe-haven demand, supporting the Silver price. 
• The renewed US Dollar demand might cap the upside for XAG/USD. 

The Silver price (XAG/USD) attracts some buyers to around $34.35 during the early European session on Monday. Potential trade wars and ongoing geopolitical tensions boost the safe-haven flows, benefitting the white metal. 

Traders are worried ahead of a new round of reciprocal levies that the White House is due to announce on Wednesday. Trump said late Sunday that the administration is hurrying to determine the specifics of its new tariff agenda ahead of its self-imposed deadline of Wednesday, considering possibilities after promising to remake the American economy with a slew of new levies. Aggressive tariff policies could exert some selling pressure on the Greenback and lift the USD-denominated commodity price in the near term. 

Additionally, strong industrial demand, especially from new-age industries like EVs and solar energy, creates tailwinds for the white metal. Gains are also expected in the consumer electronics market, as the development of artificial intelligence systems will continue to boost product offerings. 

The US ISM Manufacturing Purchasing Managers Index (PMI) for March will be in the spotlight on Tuesday. In case of a stronger-than-expected outcome, this could underpin the Greenback and cap the upside for the Silver price. 

• Gold price captures $3,100 early Monday, fresh record high and counting.
• WSJ reports potential higher, broader Trump’s April 2 tariffs, downing the US Dollar, Treasury yields.
• A pullback could be in the offing for Gold price as the daily RSI stays heavily overbought.

Gold price continues to rally in Asian trading on Monday, marking another record high  well above the $3,100 mark. Gold buyers remain undeterred due to heightened fears of a potential global trade war and its economic repercussions.   

Gold price tops $3,100 for the first time on record

The buying interest in the Gold price remains unabated, with markets scurrying for safety in the traditional store of value amid speculations surrounding US President Donald Trump’s tariffs plans on ‘Liberation Day’, April 2.

The latest Wall Street Journal (WSJ) report highlighted that US President Donald Trump could aim for higher and broader reciprocal tariffs on Wednesday, driving riskier assets into a tailspin while bolstering the ultimate safe-haven Gold price.  

“Advisers have considered imposing global tariffs of up to 20% that would hit virtually all US trading partners,” the WSJ reported.

Markets are dreading the looming risks of a full-fledged global tariff war, which is likely to unfold after Trump’s reciprocal tariffs. This could intensify inflationary pressures, leading to stagflation.

Mounting concerns over a potential stagflation in the United States (US) are weighing heavily on the US Dollar (USD) and the US Treasury bond yields, allowing the non-yielding Gold price to clinch fresh record highs.

However, the further upside in the Gold price could be capped if traders opt to cash in on the record rally ahead of Wednesday’s tariffs announcements by Trump.

The US data-docket remains light at the start of the week, leaving the Gold price at the mercy of the broad market sentiment and Trump’s tariff expectations.

Gold price technical analysis: Daily chart

A technical sell in the Gold price also cannot be ruled out as buyers have already achieved the ascending triangle target, measured at $3,080, last Friday.

Additionally, the 14-day Relative Strength Index (RSI) is trending in the highly overbought region above 75, warranting caution for buyers.  

If a correction unfolds, the immediate support is seen at the intraday low of $3,077, below which the $3,050 psychological barrier will be tested.

If the selling momentum intensifies, the March 26 low of $3,012 could come to buyers’ rescue.  

Conversely, if buyers retain control, the next target on the topside is seen at the $3,150 threshold.

Fresh buying opportunities would emerge above that level, opening doors for a fresh uptrend toward the $3,200 round figure.

Gold price failed to maintain early gains and bounced lower, settling on a mild decline, after the current resistance of $3090 held its ground, with the price gathering positive momentum that could help it breach that resistance, while also venting off overbought saturation in the Stochastic, with negative signals emerging from it.

It comes amid the dominance of the main upward trend as the price trades alongside the secondary short-term trend line, with positive support due to trading above the 50-candle SMA.

• Gold price climbs to near $3,090 in Monday’s early Asian session. 
• Escalating global trade tensions and economic uncertainties boost the safe-haven flows, supporting Gold price. 
• Traders brace for the US March ISM Manufacturing PMI data, which is due later on Tuesday. 

The Gold price (XAU/USD) gains momentum to around $3,090 during the early Asian session on Monday. The precious metal maintains its uptrend near a record high amid fears of a global trade war triggered by US President Donald Trump’s latest tariffs.

Trump last week announced a 25% tariff on imported cars and light trucks set to take effect on April 3. This measure comes on top of a flat 25% tariff on steel and aluminum and Trump’s impending reciprocal tariff announcement on Wednesday. The ongoing fears related to trade wars and global economic uncertainty boost the yellow metal, a traditional safe-haven asset. 

Data released by the Bureau of Economic Analysis on Friday showed that the US core Personal Consumption Expenditures (PCE) Price Index rose 0.4% MoM in February, compared to 0.3% in January. This figure came in hotter than the expectation of 0.3%. On an annual basis, the core PCE jumped 2.8% in February versus 2.7% prior (revised from 2.6%). 

The report suggested sticky inflation in the US economy. Nonetheless, Trump’s aggressive trade policy raises concerns that the economy may fall into stagflation or even recession. This, in turn, undermines the Greenback and lifts the USD-denominated commodity price. 

Traders will keep an eye on the US ISM Manufacturing Purchasing Managers Index (PMI) for March, which is due later on Tuesday. If the report shows a stronger-than-expected outcome, this could underpin the US Dollar (USD) and cap the upside for the Gold price. 

• Silver slips after strong rally as traders reduce exposure ahead of key US macroeconomic releases next week.
• A close below $34.23 opens door to deeper pullback, with $33.51 and $33.00 as key downside targets.
• Bulls need to hold above $34.25 to retest YTD high at $34.58 and make a run toward $35.00.

Silver price hits a five-month high but retreats toward the $34 figure late on Friday, as traders brace for the weekend, eyeing a busy economic schedule in the United States (US). At the time of writing, the XAG/USD pair trades at $34.03, down by over 1%.

XAG/USD Price Forecast: Technical outlook

Silver hit $34.58 earlier, before retreating as traders seem to book profits, taking risks off the table. As the grey metal falls, it has cleared the first support seen at $34.23, March 18 peak. If sellers achieve a daily close below the latter, XAG/USD could extend its losses beneath $34.00.

In that outcome, the first support would be the March 26 daily low of $33.51. Once surpassed the next stop would be $33.00. On the other hand, if Silver remains above $34.25, bulls could be poised to claim the year-to-date (YTD) high of $34.58, ahead of testing $35.00

XAG/USD Price Chart – Daily