Marina Lyubimova
● Silver bounced back 1.5% today after last week's tumble. Don't get too excited yet. The metal is stuck around $47.7—right in the middle of resistance at $54.46 and support at $44.22.
● Technically, things still look shaky. The RSI sits near 49, showing neutral momentum after being oversold earlier this month. Price action suggests the market is just catching its breath before possibly heading lower.
● The bigger picture? Rising U.S. yields and a stronger dollar have been weighing on precious metals, while industrial demand for silver remains soft. Still, long-term buyers are watching closely, ready to buy dips if silver finds support around $44 ahead of expected stronger demand in 2026.
● If $44.22 holds, expect a push back toward the mid-$50s. Break below it, though, and we could see the low $40s. For now, silver's in no-man's land—both sides waiting for a clear move.
Marina Lyubimova
