Silver is currently hovering around $77,430, likely awaiting triggers from the US dollar and yields. If the dollar strengthens, silver is usually resilient; if the dollar weakens, silver rises more easily.
Fundamentals are still supported by safe havens (global uncertainty) plus industrial demand (electronics/solar). However, it remains sensitive to US economic data: if the data is strong, the dollar rises, while silver is vulnerable to corrections; if the data weakens, silver is more supportive.(asd)
The silver price at the time of this analysis was $77,473.
Disclaimer:
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
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