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Silver loses its luster against the strength of the dollar

Technical Analysis
By Mostafa Mahmoud
Silver loses its luster against the strength of the dollar
0 14

SILVER

الفضه 23-9-2026

Silver is trading below the $68 resistance level, and prices are likely to decline toward the $62.70 support level, while this scenario would be invalidated by a breakout above the aforementioned resistance level.

Support

 62.70 59.50
Resistance 68.00

70.90

Silver fell about 1.2% today to around $66.24 an ounce, pressured by the dollar’s rise to its highest level in nearly two months and expectations that U.S. interest rates will remain elevated for longer, factors that reduce the appeal of non-yielding metals, while hawkish comments from Federal Reserve officials on inflation risks reinforced expectations of continued monetary tightening and kept selling pressure dominant across precious metals.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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