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Figure Heloc 
FUNDAMENTAL
OVERVIEWSilver rallied on Friday
following a barrage of positive news on the US-Iran front. The sentiment turned
bullish on news of a potential deal after Iran announced it would reopen the
Strait of Hormuz.However, that upward
momentum reversed heading into the weekend. Prices cooled after President Trump
clarified that the US would maintain its blockade of the Strait until a deal
was signed. This prompted traders to hedge their positions into the weekend against
a possible escalation, which proved prescient as Iran reclosed the Strait in
retaliation to the US blockade.The renewed US-Iran
tensions resulted in a negative gap when markets reopened yesterday. Despite
the positive expectations, the uncertainty is capping silver’s upside.The price action continues
to be driven almost entirely by US-Iran headlines, which is unlikely to change
until an official resolution is reached.The downside for now
remains limited by positive expectations for a deal. An official resolution
would likely trigger a rally towards the 90.00 handle. If the ceasefire doesn’t
get extended though and the conflict resumes, silver prices could quickly fall
back into the 60.00 level.SILVER TECHNICAL
ANALYSIS – DAILY TIMEFRAMEOn the daily chart, we can
see that silver is consolidating above the 78.00 support. The buyers will likely
continue to step in there with a defined risk below the support to keep pushing
into the 96.30 level next. The sellers, on the other hand, will look for a
break lower to pile in for a drop into the major trendline around the 70.00
handle.SILVER TECHNICAL ANALYSIS –
4 HOUR TIMEFRAMEOn the 4 hour chart, we
have an upward trendline adding confluence to the 78.00 support. This should
technically strengthen this support zone and give the buyers more conviction to
position for new highs with limited risk below the trendline. If the price were
to break lower, the sellers will likely extend the pullback into the 72.50
level next.SILVER TECHNICAL ANALYSIS –
1 HOUR TIMEFRAMEOn the 1 hour chart, there’s
not much we can add here as the buyers should step in around these levels with
a defined risk below the trendline, while the sellers will wait for a break to
open the door for new lows. The red lines define the average daily range for today. UPCOMING CATALYSTSToday we have the US Retail Sales. Tomorrow, we should have the US-Iran talks
in Islamabad. On Thursday, we get the latest US Jobless Claims figures and the
US PMIs. The focus remains on US-Iran headlines ahead of the ceasefire deadline
tomorrow at midnight.
This article was written by Giuseppe Dellamotta at investinglive.com.
💡 DMK Insight
Silver’s recent rally on US-Iran news shows how geopolitical events can shift market sentiment quickly. The initial bullish reaction was fueled by hopes of a deal and the reopening of the Strait of Hormuz, a critical shipping route. However, the reversal in momentum highlights the fragility of such gains, especially when political clarifications come into play. Traders should be wary of how quickly sentiment can shift, particularly with silver’s recent price action. If silver can hold above key support levels, it might present a buying opportunity, but if it breaks down, it could signal further weakness. Keep an eye on the $24 level as a potential pivot point for short-term trades. Additionally, monitor related assets like gold, which often moves in tandem with silver, as any geopolitical tensions could create volatility across precious metals. Here’s the thing: while the initial news was bullish, the market’s quick turnaround suggests that traders should remain cautious and look for confirmation before entering positions. Watch for any further developments on the US-Iran front that could reignite bullish sentiment or lead to further sell-offs.
📮 Takeaway
Monitor silver’s price around the $24 level; a break below could signal further downside, while holding above may present buying opportunities.
