Silver has staged a notable rebound after breaking above the short-term descending trendline, signaling that selling pressure is no longer fully in control. However, the current upside momentum remains cautious, as price is consolidating within a corrective structure, reflecting market hesitation following the previous period of heightened volatility.
Key fundamental factors:
Recent U.S. labor data have shown signs of cooling, keeping expectations alive that the Federal Reserve may maintain a more dovish stance in the period ahead. This backdrop is generally supportive for precious metals. That said, the U.S. dollar continues to hold relative strength as global capital flows favor cash and safe-haven assets, limiting the upside potential of Silver’s recovery.
As a result, the current bullish attempt remains vulnerable, with the market still requiring further confirmation from incoming data and capital flows.
Technical outlook:
Near-term support: 80.5 – 79.8
Resistance levels: 84.5 – 85.0, with a higher zone around 91.5
I expect that before attempting to challenge the upper resistance zones, Silver may revisit the 80–81 support area to test buying interest. If this zone holds, price could extend its recovery toward 85 and potentially higher. Conversely, a break below support would likely return the market to a sideways consolidation phase.
Kind regards, Louise !
Key fundamental factors:
Recent U.S. labor data have shown signs of cooling, keeping expectations alive that the Federal Reserve may maintain a more dovish stance in the period ahead. This backdrop is generally supportive for precious metals. That said, the U.S. dollar continues to hold relative strength as global capital flows favor cash and safe-haven assets, limiting the upside potential of Silver’s recovery.
As a result, the current bullish attempt remains vulnerable, with the market still requiring further confirmation from incoming data and capital flows.
Technical outlook:
Near-term support: 80.5 – 79.8
Resistance levels: 84.5 – 85.0, with a higher zone around 91.5
I expect that before attempting to challenge the upper resistance zones, Silver may revisit the 80–81 support area to test buying interest. If this zone holds, price could extend its recovery toward 85 and potentially higher. Conversely, a break below support would likely return the market to a sideways consolidation phase.
Kind regards, Louise !
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.