Victoria Bazir
⬤ Silver (XAG/USD) took a significant hit overnight, briefly retesting the previous day's low before staging a quick recovery. The bounce happened fast enough that many traders are questioning whether any meaningful decline is even possible right now—most are treating this drop as an easy buying opportunity.
⬤ The metal hit a critical support zone where it tested prior lows, but the rapid rebound suggests downside might be capped for the moment. Buyers stepped in aggressively at lower levels, signaling expectations for continued upside rather than a sustained downturn.
⬤ Despite short-term volatility, sentiment around silver stays bullish. As a classic inflation hedge and safe-haven asset, silver continues attracting interest amid economic uncertainty and inflation concerns. This pullback looks more like a temporary shakeout than a trend reversal—holding support could fuel the next leg higher.
⬤ Key levels to watch include the recent low and the support zone where price found buyers. Markets will be scanning for confirmation that silver can maintain momentum and push toward higher ground. Inflation trends and central bank policy moves will remain major drivers of silver's direction in the coming weeks.
Victoria Bazir
