Silver Price Forecast: XAG/USD extends recovery above $74 amid optimism on Mideast ceasefire - FXStreet

Silver's break above $74 shows the white metal's dual personality at work. While gold gets the safe haven headlines, silver benefits from both geopolitical uncertainty and industrial optimism. Ceasefire talk reduces immediate supply chain risks for electronics and solar manufacturers. The gold-silver ratio sitting around 63 tells me silver still has room to run. Industrial users have been rebuilding inventory after years of just-in-time management burned them during COVID. Physical premiums remain elevated despite the price surge, indicating tight supply conditions persist. This isn't just momentum trading - it's fundamental demand meeting constrained supply. Stackers who've been patient with their silver positions are seeing vindication.