SILVER

Silver is trading above the support level of $48.10, and prices are likely to retest the resistance level of $50.80. This scenario would be invalidated if the mentioned support level is broken to the downside.
|
Support |
48.10 | 45.50 | – |
| Resistance | 50.80 | 54.10 |
– |
Silver is trading today with steady performance above the key support level of $48.10 per ounce, amid a slight improvement in market risk appetite and a relatively calm U.S. dollar. From a fundamental perspective, the white metal is finding support from growing expectations of a U.S. interest rate cut and weakening bond yields, which are renewing interest in silver as a hedge against inflation.
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