Although silver might briefly retest its rising 200-day moving average at USD 31.39 for support, the trajectory now points toward higher resistance levels.
While stocks stall under the weight of uncertainty and inflationary pressures, silver is breaking out—gleaming as a beacon for investors seeking stability and upside potential.
Both gold and silver are undergoing healthy consolidation phases after their strong rallies, allowing them to reset and work off overbought conditions.
Silver fell this past week by 3.0% vs. gold’s 2.0%. Silver bugs are ready to throw in the towel. But that may be the catalyst to help silver reach new levels. There is a noted shortage....
