Silver has broken lower after recent highs, with the much-anticipated “silver squeeze” losing momentum. The market is now facing renewed pressure from a stronger U.S. dollar and broad risk-off sentiment, as investors trim exposure to commodities and metals.
The weekly close will be crucial — a bearish candlestick could confirm further downside potential, opening the door toward the USD 40.00 area, a key technical support zone.
Several factors are currently weighing on Silver:
- DXY rebound: The U.S. Dollar Index has bounced from support, attracting safe-haven demand and pressuring metals.
- Higher real yields: As inflation expectations ease, rising real yields make precious metals less attractive.
- ETF outflows: Institutional investors are trimming Silver ETF holdings, reducing speculative support.
- Weakness in industrial metals: A slowdown in China’s manufacturing sector is dragging down sentiment for Silver, which also has industrial demand.
- Technical exhaustion: After repeated tests of the USD 53.00 zone, momentum faded, and a breakdown below short-term moving averages confirmed a shift in tone.
If the current move continues, Silver could test USD 40.00 in the coming sessions. Only a decisive recovery above USD 52.00 would ease the short-term bearish outlook.
The weekly close will be crucial — a bearish candlestick could confirm further downside potential, opening the door toward the USD 40.00 area, a key technical support zone.
Several factors are currently weighing on Silver:
- DXY rebound: The U.S. Dollar Index has bounced from support, attracting safe-haven demand and pressuring metals.
- Higher real yields: As inflation expectations ease, rising real yields make precious metals less attractive.
- ETF outflows: Institutional investors are trimming Silver ETF holdings, reducing speculative support.
- Weakness in industrial metals: A slowdown in China’s manufacturing sector is dragging down sentiment for Silver, which also has industrial demand.
- Technical exhaustion: After repeated tests of the USD 53.00 zone, momentum faded, and a breakdown below short-term moving averages confirmed a shift in tone.
If the current move continues, Silver could test USD 40.00 in the coming sessions. Only a decisive recovery above USD 52.00 would ease the short-term bearish outlook.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.