SILVER
Silver is trading around the $78.50 resistance level, and this zone is likely to limit the pace of gains in today’s trading.
|
Support |
71.50 | 62.85 |
| Resistance | 78.50 |
86.80 |
Silver rose sharply during today’s trading, benefiting from the broad rally across precious metals as the U.S. dollar and Treasury yields declined, alongside improved investor appetite following signs of progress in talks between the United States and Iran.
Spot silver climbed around 3.1% to $77.79 per ounce, outperforming gold during the session, supported by investment demand and stronger sentiment toward alternative assets. Despite the strong rally, silver’s movement remains tied to developments in the dollar and the Hormuz file, as continued de escalation could provide further support for metals, while any setback in negotiations may quickly bring volatility back.
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