United States ISM Manufacturing Prices Paid registered at 69.4, below expectations (70.2) in May

Jun 2, 2025

Silver Price Forecast: Safe-haven XAG/USD surges as US Dollar slides

Silver (XAG/USD) is shining brightly on Monday, with prices rallying in response to a weaker US Dollar (USD). With the white precious metal trading over 3% higher on the day, prices have moved above the 10-day Simple Moving Average (SMA), providing support at $33.28 at the time of writing.

US ISM Manufacturing PMI drops to 48.5 in May

Economic activity in the US manufacturing sector lost momentum in May, with the ISM Manufacturing PMI receding to 48.5 from 48.7 in April, coming in below analysts’ estimates of 49.5.