SILVER

Silver is trading above the $53 support level, which is likely to limit further downside momentum in today’s trading.
|
Support |
53 | 50 |
| Resistance | 58 |
61.75 |
Silver prices fell by approximately 1%, trading around $53.90 per ounce, pressured by a stronger US dollar and continued weakness across precious metals ahead of the Federal Reserve’s interest rate decision. The decline comes amid concerns over a prolonged period of restrictive monetary policy, particularly as rising oil prices and renewed inflationary pressures could prompt the Fed to keep interest rates elevated for longer. Markets are closely monitoring comments from Federal Reserve officials regarding the future path of interest rates, alongside upcoming inflation data, for further indications of the direction of the US dollar and precious metals in the coming period.
You can now benefit from LDN company’s services through the LDN Global Markets trading platform.


