$XAG
📉 Silver under selling pressure… Can the $48 level hold?
Silver prices fell by around 6% in 24 hours, approaching the $49 level, amid pressure from declining technology stocks and rising oil prices. This has brought concerns about inflation and persistently high interest rates back to the forefront.
Although expected demand for silver is growing thanks to expanding investment in artificial intelligence, particularly in the manufacture of computing components and energy systems, these factors have not been enough to offset current market pressures.
Key technical levels:
$48–50: A crucial support and test zone.
A break below $48: Could open the door to further declines.
A recovery to $50 and holding above it: Could boost the chances of a rebound.
The most important question: Does this pullback present an opportunity to accumulate silver, or is the correction not over yet?
📉 Silver under selling pressure… Can the $48 level hold?
Silver prices fell by around 6% in 24 hours, approaching the $49 level, amid pressure from declining technology stocks and rising oil prices. This has brought concerns about inflation and persistently high interest rates back to the forefront.
Although expected demand for silver is growing thanks to expanding investment in artificial intelligence, particularly in the manufacture of computing components and energy systems, these factors have not been enough to offset current market pressures.
Key technical levels:
$48–50: A crucial support and test zone.
A break below $48: Could open the door to further declines.
A recovery to $50 and holding above it: Could boost the chances of a rebound.
The most important question: Does this pullback present an opportunity to accumulate silver, or is the correction not over yet?
