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.
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