Silver rebounds on geopolitical risks, accommodative Fed policy expectations

💡 DMK Insight

Silver’s 5.50% surge today isn’t just a blip—it’s a potential trend reversal worth watching. With XAG/USD now trading around $89.70, this rebound could signal a shift in market sentiment, especially as traders react to broader economic indicators like inflation and interest rates. If silver can hold above the $89 mark, it might attract more buying interest, particularly from retail traders looking for safe-haven assets. Keep an eye on the $90 resistance level; a breakout here could lead to a more sustained rally. On the flip side, if the price dips below $88, it could trigger stop-loss orders and lead to a quick sell-off, so risk management is key. Watch for upcoming economic data releases that could impact precious metals, as these will likely influence silver’s trajectory in the coming days. The real story is whether this rebound can gain momentum or if it’s just a temporary bounce in a bearish trend.