Silver climbed to around $48 per ounce in today’s trading, moving away from one-month lows. This movement, following last week’s decline of over 6%—driven by profit-taking from traders after a strong rally—appears to be a technical rebound. Investors are now awaiting the Federal Reserve’s latest policy decision and paying close attention to Jerome Powell’s comments on future developments. You can also visit the Trendo platform and utilize advanced trading tools and features to conduct your analyses with greater precision and confidence.
Technical Analysis of Silver (October 29, 2025)
From a technical perspective, silver is in a critical position. The long-term ascending trendline from the $36.204 bottom has been broken, and price is in contact with this vital line. The $48 level, which previously acted as resistance, has now become key support. The V-Recovery pattern indicates a strong return of buyers from recent lows. To confirm continuation of the uptrend, silver must break the psychological resistance at $50, which would open the path toward $52-$54. If the $48 level breaks, there is potential for a correction to $46.
Fundamental Analysis of Silver (October 29, 2025)
Fundamentally, several important factors are influencing silver prices. The Federal Reserve is expected to cut interest rates by 25 basis points today, and markets are looking for Powell’s statements on future easing measures. The US government shutdown, now entering its fifth week, has delayed release of key economic data that is critical for shaping monetary policy expectations. Traders are also monitoring trade developments ahead of the Trump-Xi meeting Thursday in South Korea, which is expected to finalize a framework for halting higher US tariffs and China’s rare earth export controls.
Final Thoughts
Silver stands at a technical turning point. The current situation indicates buyers are returning, but definitive confirmation requires breaking above $50. Fundamental factors including the Federal Reserve’s decision, US-China trade negotiations, and strong industrial demand in green technology sectors present a positive long-term outlook.
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