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Strong Sell-Off Dominates Silver

Technical Analysis
By Mostafa Mahmoud
Strong Sell-Off Dominates Silver
0 13

Silverالفضة 16-7-2026

Silver is trading above the $57.10 support level, which is likely to be broken to the downside, targeting $53, while this scenario would be invalidated by a breakout above the $63 resistance level during today’s trading.

Support

 57.10 53.00
Resistance 63.00

67.35

Silver came under strong selling pressure, extending its decline as the U.S. dollar strengthened and market concerns grew that interest rates could remain elevated for longer. This weighed on the appeal of non yielding precious metals. Investor caution, coupled with escalating geopolitical tensions and rising energy prices, also fueled market volatility, pushing silver to post further losses as traders awaited fresh signals that could determine the metal’s next price direction.

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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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