Silver faces challenges due to a combination of factors, including higher real yields, a stronger U.S. Dollar Index, and the potential for panic selling during economic recessions. These elements cast a shadow over silver's performance, despite recent gains linked to the Middle East conflict. Additionally, rising mortgage rates and a weaker housing market could contribute to further pressure on the white metal, as increased rates tend to discourage investment in non-interest-bearing assets like precious metals.
Silver's outlook remains uncertain as the economic landscape evolves, with its price likely influenced by the interplay of interest rates, the U.S. Dollar's strength, and broader market sentiment during turbulent economic periods.
The technical indicators on the daily chart are still showing bullish signals, but in shorter timeframes like an hourly and 4 hours charts they are starting to reverse.
If the bearish trend confirms the price of the instrument might fall to levels of 22.543 and 22.33. In the opposite scenario, the price might reach levels of 23.355 and 23.568.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Silver's outlook remains uncertain as the economic landscape evolves, with its price likely influenced by the interplay of interest rates, the U.S. Dollar's strength, and broader market sentiment during turbulent economic periods.
The technical indicators on the daily chart are still showing bullish signals, but in shorter timeframes like an hourly and 4 hours charts they are starting to reverse.
If the bearish trend confirms the price of the instrument might fall to levels of 22.543 and 22.33. In the opposite scenario, the price might reach levels of 23.355 and 23.568.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.