Silver is pushing higher again after US core CPI surprised to the downside. This has pulled US yields and the dollar lower, and that combination is supporting precious metals.
Other fundamental tailwinds are still in place too. Geopolitical tension in Venezuela and Iran continue and DOJ pressure on Jerome Powell at the Fed are helping keep a floor price.
The next near-term risk is tomorrow’s US Supreme Court decision on President Trump’s tariffs. If tariffs are struck down, it could trigger profit taking in silver and gold after a strong run. That said, Trump officials have already flagged alternative routes to reintroduce tariffs, so any initial move could be dip buying opportunities.
The first area to watch on dips is the prior breakout and consolidation zone around 86.00 to 86.50. If buyers defend that region, it keeps the near-term structure intact and leaves room for another attempt at 89.11, with a clean break opening the door to a psychological test of 90.00.
If the pullback deepens, the next support band sits around 84.00 to 85.00, where price previously paused before accelerating higher.
Other fundamental tailwinds are still in place too. Geopolitical tension in Venezuela and Iran continue and DOJ pressure on Jerome Powell at the Fed are helping keep a floor price.
The next near-term risk is tomorrow’s US Supreme Court decision on President Trump’s tariffs. If tariffs are struck down, it could trigger profit taking in silver and gold after a strong run. That said, Trump officials have already flagged alternative routes to reintroduce tariffs, so any initial move could be dip buying opportunities.
The first area to watch on dips is the prior breakout and consolidation zone around 86.00 to 86.50. If buyers defend that region, it keeps the near-term structure intact and leaves room for another attempt at 89.11, with a clean break opening the door to a psychological test of 90.00.
If the pullback deepens, the next support band sits around 84.00 to 85.00, where price previously paused before accelerating higher.
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blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Investing in complex securities involves risk. You may lose some or all of your invested capital.
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Free TradingView Premium:
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Investing in complex securities involves risk. You may lose some or all of your invested capital.
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Investing in complex securities involves risk. You may lose some or all of your invested capital.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน