#silver
silver
7.1M views
16,656 Discussing
Hot
Latest
⚡ SILVER SHATTERS $65 — THE METALS RAMP IS ONLY GETTING STARTED 🚀
Entry: $65.00 ⚡
Target: $70.00 🚀
Stop Loss: $64.20 ⚠️
📊 The white metal just punched through a psychological fortress that held for weeks, and the intraday surge to a 2.66% gain tells me the dip-buyers are running the show. 🦈 This isn't a retail pop — the weight of institutional flow is pressing down on the ask side, absorbing every seller that steps in front of the train.
💡 The momentum is carrying a tailwind that gold is happily mirroring at $4,360.96, up 0.46% intraday. Metals are back in the spotlight, and when the PM complex rotates, the moves tend to stack. 📌 $65 is the new line in the sand — the question is whether the breakout holds or fakes out before the real leg higher. 💬 Are you chasing the breakout or waiting for the first retest to reload? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #Silver #XAGUSD #Metals #Breakout #PreciousMetals
🔥 🦈
Entry: $65.00 ⚡
Target: $70.00 🚀
Stop Loss: $64.20 ⚠️
📊 The white metal just punched through a psychological fortress that held for weeks, and the intraday surge to a 2.66% gain tells me the dip-buyers are running the show. 🦈 This isn't a retail pop — the weight of institutional flow is pressing down on the ask side, absorbing every seller that steps in front of the train.
💡 The momentum is carrying a tailwind that gold is happily mirroring at $4,360.96, up 0.46% intraday. Metals are back in the spotlight, and when the PM complex rotates, the moves tend to stack. 📌 $65 is the new line in the sand — the question is whether the breakout holds or fakes out before the real leg higher. 💬 Are you chasing the breakout or waiting for the first retest to reload? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #Silver #XAGUSD #Metals #Breakout #PreciousMetals
🔥 🦈
🥈 Silver returns to the spotlight! 🚀
Silver rises by more than 3% today to reach about $65.9 per ounce, in an attempt to regain momentum after a sharp decline from a historic peak at $121.60.
📈 The current rebound raises an important question:
Has silver started a new recovery wave… or is it just a bounce before completing the drop?
In metals markets, momentum alone isn’t enough… the upcoming levels are what will determine the direction.
#Silver #XAG #commodities
#markets
Silver rises by more than 3% today to reach about $65.9 per ounce, in an attempt to regain momentum after a sharp decline from a historic peak at $121.60.
📈 The current rebound raises an important question:
Has silver started a new recovery wave… or is it just a bounce before completing the drop?
In metals markets, momentum alone isn’t enough… the upcoming levels are what will determine the direction.
#Silver #XAG #commodities
#markets
🚨 $SILVER SHATTERS $65 — SAFE-HAVEN RALLY IS ACCELERATING FAST! 💥
Silver just punched through the $65 handle with a 2.66% intraday thrust — that's not a drift, that's a velocity shift. 📊 The breakout is clean while gold steadily grinds toward $4,360.96, printing a composed 0.46% bid.
What stands out to me is the character of this move. 🦈 When hard assets move like this, it's usually institutional accumulation — capital rotating into safe-haven storage as macro uncertainty keeps buyers anchored. Seller momentum is thinning, and the order book is telling a story of aggressive absorption. 💡
The real question is whether gold catches up with a stronger push or if we cool off before the next leg. 💬 Are you positioned in the metals momentum, or waiting for a retrace to load? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #Silver #Gold #PreciousMetals #Breakout #SafeHaven
🚀 ⚡
Silver just punched through the $65 handle with a 2.66% intraday thrust — that's not a drift, that's a velocity shift. 📊 The breakout is clean while gold steadily grinds toward $4,360.96, printing a composed 0.46% bid.
What stands out to me is the character of this move. 🦈 When hard assets move like this, it's usually institutional accumulation — capital rotating into safe-haven storage as macro uncertainty keeps buyers anchored. Seller momentum is thinning, and the order book is telling a story of aggressive absorption. 💡
The real question is whether gold catches up with a stronger push or if we cool off before the next leg. 💬 Are you positioned in the metals momentum, or waiting for a retrace to load? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #Silver #Gold #PreciousMetals #Breakout #SafeHaven
🚀 ⚡
🟢 $SILVER GRABS 1% INTRADAY—MOMENTUM BUILDING FOR A BREAKOUT?
Silver's quiet 1% advance today is more telling than the headline suggests. 📊 Spot testing $64.17 after absorbing earlier supply—this looks like institutional accumulation ahead of a potential liquidity sweep. The precious metals complex is drawing bids as risk-off flows rotate.
Keep an eye on the $64.50 resistance—a clean reclaim could trigger a short squeeze into the next inefficiency. 💡 Volume is picking up on the hourly, confirming buyers are in control. 💬 Are you positioned for a silver surge, or waiting for a deeper dip to load up? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SILVER #Breakout #Commodities #PreciousMetals #Trading
🟢 📈
Silver's quiet 1% advance today is more telling than the headline suggests. 📊 Spot testing $64.17 after absorbing earlier supply—this looks like institutional accumulation ahead of a potential liquidity sweep. The precious metals complex is drawing bids as risk-off flows rotate.
Keep an eye on the $64.50 resistance—a clean reclaim could trigger a short squeeze into the next inefficiency. 💡 Volume is picking up on the hourly, confirming buyers are in control. 💬 Are you positioned for a silver surge, or waiting for a deeper dip to load up? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SILVER #Breakout #Commodities #PreciousMetals #Trading
🟢 📈
🚨 $SILVER BREAKING 50-YEAR RESISTANCE – CUP PATTERN TARGETS $250+! 💥
Entry: 64.00 ⚡
Target: 250 🚀
📊 The 50-year cup pattern is a structural event that demands attention. The breakout above the descending trendline is a genuine technical shift, not a headline. Momentum confirms the recovery with ROC at 76.5, while ATR signals volatility remains high. This is institutional-grade basing finally resolving.
⚡ The $250–260 target is the realistic bulls-eye, backed by inflation-adjusted historical precedent. The $750 figure? More narrative than numbers. For now, the immediate test sits at $64 – a clean daily close above that opens the door to the long-term projection. Watch the $50–55 pullback zone for a potential retest before the next leg. 💡
We're not chasing headlines; we're tracking liquidity pools and trendline geometry. The chartist calls this the most important trendline of a lifetime – respect the structure, question the hype. 💬 Do you trust the cup breakout or wait for a retest of the orange support zone? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SILVER #CupPattern #Breakout #PreciousMetals #LongSetup
🚀 🌕
Entry: 64.00 ⚡
Target: 250 🚀
📊 The 50-year cup pattern is a structural event that demands attention. The breakout above the descending trendline is a genuine technical shift, not a headline. Momentum confirms the recovery with ROC at 76.5, while ATR signals volatility remains high. This is institutional-grade basing finally resolving.
⚡ The $250–260 target is the realistic bulls-eye, backed by inflation-adjusted historical precedent. The $750 figure? More narrative than numbers. For now, the immediate test sits at $64 – a clean daily close above that opens the door to the long-term projection. Watch the $50–55 pullback zone for a potential retest before the next leg. 💡
We're not chasing headlines; we're tracking liquidity pools and trendline geometry. The chartist calls this the most important trendline of a lifetime – respect the structure, question the hype. 💬 Do you trust the cup breakout or wait for a retest of the orange support zone? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SILVER #CupPattern #Breakout #PreciousMetals #LongSetup
🚀 🌕
$XAG 🚀 After the US Non-Farm Payroll data, silver made a strong move higher! 📈
That said, indicators are looking a bit overbought right now, so we could see a short-term pullback before the next leg up. 👀
Keep an eye on the price action and stay patient! 💪
$XAGUSDT
#XAGTrading #Silver
That said, indicators are looking a bit overbought right now, so we could see a short-term pullback before the next leg up. 👀
Keep an eye on the price action and stay patient! 💪
$XAGUSDT
#XAGTrading #Silver
#GoldBreaksOutFromJanuaryDowntrend
🧠 METALS RALLY: What Should You Do?
Gold & silver are moving fast. But don't trade the headline—trade the setup.
If the market changes:
🔹 Trend continues: Scale in, don't deploy all capital. Keep cash for pullbacks.
🔹 Pullback: Don't panic. Check whether the main trend is still intact.
🔹 Trend breaks: Protect capital. Reduce exposure if your thesis is invalidated.
🔹 Trading: Decide entry, stop-loss, target & position size before entering.
For an early investor, being early doesn't mean buying first. It means having a plan before the crowd arrives.
“It always was my sitting.” — Jesse Livermore
Patience + risk management > prediction.
Don't ask “How high can it go?”
Ask “What if I'm wrong?”
$XAUT $XAG $XAUT
#Gold #Silver #GoldBreaksOutFromJanuaryDowntrend
🧠 METALS RALLY: What Should You Do?
Gold & silver are moving fast. But don't trade the headline—trade the setup.
If the market changes:
🔹 Trend continues: Scale in, don't deploy all capital. Keep cash for pullbacks.
🔹 Pullback: Don't panic. Check whether the main trend is still intact.
🔹 Trend breaks: Protect capital. Reduce exposure if your thesis is invalidated.
🔹 Trading: Decide entry, stop-loss, target & position size before entering.
For an early investor, being early doesn't mean buying first. It means having a plan before the crowd arrives.
“It always was my sitting.” — Jesse Livermore
Patience + risk management > prediction.
Don't ask “How high can it go?”
Ask “What if I'm wrong?”
$XAUT $XAG $XAUT
#Gold #Silver #GoldBreaksOutFromJanuaryDowntrend
METALS RALLY: #Gold and #Silver are heading into their best weeks of the year.
GOLD is up 6.6% above $4,300/oz, its best week since January.
SILVER has surged 11.6% above $64/oz, its best week since February.
Together, that amounts to $2.2 TRILLION added to market capitalization this week.
The catalyst is counterintuitive: PEACE.
As talks between the United States and Iran move closer to a resumption of the Strait of Hormuz, oil is down by about 10% this week.
Cheaper oil eases inflationary pressure, reducing the implied odds of a Fed rate hike in September to 55%, from 67% last week.
Gold is rising thanks to calm, not fear. That flips the usual playbook.
But gold and silver are still roughly 23% and 47% below their January highs.
That’s nearly $13 TRILLION in combined market capitalization wiped out since the peak.
Reminder: this is a rebound, not a record.
$XAU
$XAG
$XAUT
GOLD is up 6.6% above $4,300/oz, its best week since January.
SILVER has surged 11.6% above $64/oz, its best week since February.
Together, that amounts to $2.2 TRILLION added to market capitalization this week.
The catalyst is counterintuitive: PEACE.
As talks between the United States and Iran move closer to a resumption of the Strait of Hormuz, oil is down by about 10% this week.
Cheaper oil eases inflationary pressure, reducing the implied odds of a Fed rate hike in September to 55%, from 67% last week.
Gold is rising thanks to calm, not fear. That flips the usual playbook.
But gold and silver are still roughly 23% and 47% below their January highs.
That’s nearly $13 TRILLION in combined market capitalization wiped out since the peak.
Reminder: this is a rebound, not a record.
$XAU
$XAG
$XAUT
METALS RALLY: #Gold and #Silver are heading for their best weeks ever this year.
GOLD has climbed 6.6% past $4,300/oz, its best week since January.
SILVER has surged 11.6% past $64/oz, its best week since February.
Combined, that's $2.2 TRILLION added to the market cap this week.
The catalyst is counterintuitive: PEACE.
As US-Iran talks move toward reopening the Strait of Hormuz, oil has fallen ~10% this week.
Cheaper oil eases inflation pressure, cutting the implied odds of a September Fed hike to 55% from 67% last week.
Gold is rallying on de-escalation, not fear. That inverts the usual playbook.
But gold and silver are still ~23% and ~47% below their January peaks.
That's nearly $13 TRILLION in combined market cap wiped out since peak.
A reminder that this is a recovery, not a record.
$XAU
$XAG
$XAUT
#GoldBreaksOutFromJanuaryDowntrend
GOLD has climbed 6.6% past $4,300/oz, its best week since January.
SILVER has surged 11.6% past $64/oz, its best week since February.
Combined, that's $2.2 TRILLION added to the market cap this week.
The catalyst is counterintuitive: PEACE.
As US-Iran talks move toward reopening the Strait of Hormuz, oil has fallen ~10% this week.
Cheaper oil eases inflation pressure, cutting the implied odds of a September Fed hike to 55% from 67% last week.
Gold is rallying on de-escalation, not fear. That inverts the usual playbook.
But gold and silver are still ~23% and ~47% below their January peaks.
That's nearly $13 TRILLION in combined market cap wiped out since peak.
A reminder that this is a recovery, not a record.
$XAU
$XAG
$XAUT
#GoldBreaksOutFromJanuaryDowntrend
Partly True
$2.7 TRILLION were added to gold and silver this week.
Gold ( $XAU ) rose +7.3%, reaching US$ 2.22 TRILLION.
Silver ( $XAG ) rose +14%, reaching US$ 504 BILLION.
Gold hit a new 7-week high and Silver hit a 6-week high.
$ACE 👀👀👀👀👀👀
#GoldBreaksOutFromJanuaryDowntrend #bullish #Silver #DeepSeekResumes$8BFundingRound #USInitialJoblessClaimsStayBelow200K
Gold ( $XAU ) rose +7.3%, reaching US$ 2.22 TRILLION.
Silver ( $XAG ) rose +14%, reaching US$ 504 BILLION.
Gold hit a new 7-week high and Silver hit a 6-week high.
$ACE 👀👀👀👀👀👀
#GoldBreaksOutFromJanuaryDowntrend #bullish #Silver #DeepSeekResumes$8BFundingRound #USInitialJoblessClaimsStayBelow200K
$XAG $GOLD.US 🥈 Silver (XAG/USD) – Bullish Long Trade Setup
Asset: Silver (XAG/USD)
Timeframe: 4-Hour (4H)
Trade Type: Buy (Long)
Market Bias: Bullish
📊 Trade Plan
Entry Zone: 28.60 – 28.80
Stop Loss: 27.70
TP1: 29.50
TP2: 30.20
TP3: 30.90
TP4 (Long-Term Target): 31.80
🔎 Why This Setup?
Resistance Breakout: Price broke above an important resistance zone.
Retest: The previous resistance is being tested as new support.
Bullish Structure: Higher highs and higher lows suggest an uptrend.
Momentum: Buying pressure is supporting the bullish move.
🎯 Strategy
Step 1: Wait for a 4H candle to close above resistance.
Step 2: Look for a successful retest of the breakout level.
Step 3: Enter the long position around the entry zone.
Step 4: Keep the Stop Loss below support.
Step 5: Consider taking partial profit at TP1 and TP2 while leaving some position for TP3/TP4.
🛡️ Risk Management
Risk only a small portion of your capital on one trade.
Always use a Stop Loss.
Don't increase your position just because the trade is moving in your favor.
Remember that Silver can be volatile and may move quickly around major economic news.
Disclaimer: These levels are an illustrative educational setup, not a live trading signal or financial advice. Actual XAG/USD prices and market structure change continuously.#Silver #GOLD #binanacesquare #DollarSetForBestDayInTwoWeeks
Asset: Silver (XAG/USD)
Timeframe: 4-Hour (4H)
Trade Type: Buy (Long)
Market Bias: Bullish
📊 Trade Plan
Entry Zone: 28.60 – 28.80
Stop Loss: 27.70
TP1: 29.50
TP2: 30.20
TP3: 30.90
TP4 (Long-Term Target): 31.80
🔎 Why This Setup?
Resistance Breakout: Price broke above an important resistance zone.
Retest: The previous resistance is being tested as new support.
Bullish Structure: Higher highs and higher lows suggest an uptrend.
Momentum: Buying pressure is supporting the bullish move.
🎯 Strategy
Step 1: Wait for a 4H candle to close above resistance.
Step 2: Look for a successful retest of the breakout level.
Step 3: Enter the long position around the entry zone.
Step 4: Keep the Stop Loss below support.
Step 5: Consider taking partial profit at TP1 and TP2 while leaving some position for TP3/TP4.
🛡️ Risk Management
Risk only a small portion of your capital on one trade.
Always use a Stop Loss.
Don't increase your position just because the trade is moving in your favor.
Remember that Silver can be volatile and may move quickly around major economic news.
Disclaimer: These levels are an illustrative educational setup, not a live trading signal or financial advice. Actual XAG/USD prices and market structure change continuously.#Silver #GOLD #binanacesquare #DollarSetForBestDayInTwoWeeks
🚨 HUGE BREAKING NEWS! 💥
Over $850 billion has been added to the combined market value of Gold and Silver in just the last 9 hours! 😳📈
#GOLD
A move of this size highlights significant capital flows into precious metals and could reflect a shift in investor positioning or growing demand for traditional safe-haven assets.
#SILVER
Keep a close eye on the markets—major moves like this can influence sentiment across multiple asset classes. 👀
Over $850 billion has been added to the combined market value of Gold and Silver in just the last 9 hours! 😳📈
#GOLD
A move of this size highlights significant capital flows into precious metals and could reflect a shift in investor positioning or growing demand for traditional safe-haven assets.
#SILVER
Keep a close eye on the markets—major moves like this can influence sentiment across multiple asset classes. 👀
🚨 Very urgent! 💥
More than $850 billion has been added to the market value of gold and silver over the past nine hours! 😳📈
#GOLD
This massive move reflects a strong flow of capital into traditional assets, which may indicate a change in investor appetite or rising demand for safe havens.
#SILVER
Keep a close watch on the markets, as these moves could have an impact on various asset classes. 👀
More than $850 billion has been added to the market value of gold and silver over the past nine hours! 😳📈
#GOLD
This massive move reflects a strong flow of capital into traditional assets, which may indicate a change in investor appetite or rising demand for safe havens.
#SILVER
Keep a close watch on the markets, as these moves could have an impact on various asset classes. 👀
🚨 SILVER IS BREAKING OUT! XAG/USD 1H LONG SIGNAL 🚨
The bulls are in FULL control. Price just slammed through resistance with momentum, and RSI at 71 shows strength—not weakness. In strong trends, overbought gets MORE overbought. 🔥
📊 **Trade Setup (1H):**
➡️ Entry: $63.79
🛑 Stop: $63.07 (tight!)
🎯 TP1: $65.22
🎯 TP2: $66.65
Risk/Reward? 1:2.5+ on first target. Clean structure, no chop.
💡 **Why LONG?** Higher highs + higher lows on the 1H, volume confirming breakout, and silver catching a safe-haven bid.
⚠️ If RSI hits 75+ and price stalls, watch for a pullback to entry. Otherwise, let it run.
**Question:** Are you fading this overbought RSI or riding the trend? Drop your take below! 👇
$XAG #Silver #TradingSignals #Crypto #Binance
The bulls are in FULL control. Price just slammed through resistance with momentum, and RSI at 71 shows strength—not weakness. In strong trends, overbought gets MORE overbought. 🔥
📊 **Trade Setup (1H):**
➡️ Entry: $63.79
🛑 Stop: $63.07 (tight!)
🎯 TP1: $65.22
🎯 TP2: $66.65
Risk/Reward? 1:2.5+ on first target. Clean structure, no chop.
💡 **Why LONG?** Higher highs + higher lows on the 1H, volume confirming breakout, and silver catching a safe-haven bid.
⚠️ If RSI hits 75+ and price stalls, watch for a pullback to entry. Otherwise, let it run.
**Question:** Are you fading this overbought RSI or riding the trend? Drop your take below! 👇
$XAG #Silver #TradingSignals #Crypto #Binance
🪙 Gold vs Silver: Which One Would You Choose Today?
Markets change, but precious metals continue to attract long-term investors.
🟡 Gold is often preferred for stability and preserving wealth.
⚪ Silver offers higher growth potential but comes with greater price swings.
A balanced portfolio doesn't always mean choosing one over the other—it can mean understanding the role each asset plays.
💬 If you could invest in only one today, which would you pick?
🥇 Gold or 🥈 Silver?
$GOLD.US $XAU $XAG
#Gold #Silver #Investing #BinanceSquare
Markets change, but precious metals continue to attract long-term investors.
🟡 Gold is often preferred for stability and preserving wealth.
⚪ Silver offers higher growth potential but comes with greater price swings.
A balanced portfolio doesn't always mean choosing one over the other—it can mean understanding the role each asset plays.
💬 If you could invest in only one today, which would you pick?
🥇 Gold or 🥈 Silver?
$GOLD.US $XAU $XAG
#Gold #Silver #Investing #BinanceSquare
Abdo 84:
هل تنصحني بشراء الذهب
Silver ($XAG ) may not always receive the same attention as gold, but it offers valuable trading opportunities for those who remain patient. I rely on price action, trend confirmation, and proper risk management before entering any position. A structured approach always beats emotional trading over the long run.
#XAGUSD #Silver $XAG
#XAGUSD #Silver $XAG
🦈 $SILVER COILS INSIDE THE WEDGE — THE $61.50 GAUNTLET THAT DECIDES EVERYTHING ⚡
Entry: 61.34 ⚡
Target: 61.80 - 62.00 🎯
Stop Loss: 60.90 ⚠️
📊 Silver just broke a clean ascending channel and is now compressing into a descending wedge with the upper boundary pressed at $61.50. That's not noise — that's a spring being loaded. The session mapped support at $60.90, and the next 5-minute close outside this range likely sets the tone for the broader run.
💡 The tech setup is razor-thin, but the fundamental backdrop is stacking up nicely. AI infrastructure demand — data centers, semiconductors, power grids — is quietly turning silver into an industrial necessity, not just a hedge. Sunshine Silver's fresh IPO underscores the supply gap narrative. ⏱️ The bigger question is whether buyers can reclaim $61.50 with volume, or whether the dip to $60.90 gets eaten first.
💬 Which side of $61.50 are you positioned on — breakout or breakdown? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SILVER #SilverTrading #BreakoutSetup #TechnicalAnalysis #AI
⚡ 🦈
Entry: 61.34 ⚡
Target: 61.80 - 62.00 🎯
Stop Loss: 60.90 ⚠️
📊 Silver just broke a clean ascending channel and is now compressing into a descending wedge with the upper boundary pressed at $61.50. That's not noise — that's a spring being loaded. The session mapped support at $60.90, and the next 5-minute close outside this range likely sets the tone for the broader run.
💡 The tech setup is razor-thin, but the fundamental backdrop is stacking up nicely. AI infrastructure demand — data centers, semiconductors, power grids — is quietly turning silver into an industrial necessity, not just a hedge. Sunshine Silver's fresh IPO underscores the supply gap narrative. ⏱️ The bigger question is whether buyers can reclaim $61.50 with volume, or whether the dip to $60.90 gets eaten first.
💬 Which side of $61.50 are you positioned on — breakout or breakdown? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SILVER #SilverTrading #BreakoutSetup #TechnicalAnalysis #AI
⚡ 🦈
#Silver Silver Price Outlook
Silver prices remain under pressure as investors continue to monitor geopolitical tensions in the Middle East, particularly developments involving Iran, Oman, and the Strait of Hormuz. Any easing in regional conflicts could improve oil supply, reduce inflation concerns, and influence future decisions by major central banks.
Market attention is now focused on the upcoming U.S. Non-Farm Payrolls (NFP) report after weaker-than-expected ADP employment data. The results are expected to play an important role in shaping expectations for Federal Reserve interest rate policy. Traders will also closely watch U.S. Treasury yields and the U.S. dollar, both of which have a strong impact on precious metals.
From a technical perspective, silver (XAG/USD) is trading with a slightly bearish bias while remaining above key moving averages. Resistance is located near $61.60, while immediate support is around $60.00. A break above resistance could trigger a stronger recovery, whereas a move below support may increase selling pressure.
Silver prices remain under pressure as investors continue to monitor geopolitical tensions in the Middle East, particularly developments involving Iran, Oman, and the Strait of Hormuz. Any easing in regional conflicts could improve oil supply, reduce inflation concerns, and influence future decisions by major central banks.
Market attention is now focused on the upcoming U.S. Non-Farm Payrolls (NFP) report after weaker-than-expected ADP employment data. The results are expected to play an important role in shaping expectations for Federal Reserve interest rate policy. Traders will also closely watch U.S. Treasury yields and the U.S. dollar, both of which have a strong impact on precious metals.
From a technical perspective, silver (XAG/USD) is trading with a slightly bearish bias while remaining above key moving averages. Resistance is located near $61.60, while immediate support is around $60.00. A break above resistance could trigger a stronger recovery, whereas a move below support may increase selling pressure.
Log in to explore more content