Silver edges lower as Fed rate cut hopes fade, geopolitical tensions persist

💡 DMK Insight

Silver’s recent dip to around $76.50 is a red flag for bulls: here’s why. After a failed attempt to extend its rebound, silver is showing signs of weakness that could impact trading strategies. Traders should be cautious, as this downturn might signal a broader trend, especially if it breaks below key support levels. The 50-day moving average is a critical watchpoint; if silver falls below this, we could see a cascade effect, impacting not just silver but also related assets like gold and industrial metals. Additionally, with the current macroeconomic backdrop, including inflation concerns and interest rate decisions, silver’s volatility could increase, making it essential to monitor trading volumes and sentiment closely. On the flip side, if silver manages to hold above $76.00, it could present a buying opportunity for those looking to capitalize on potential rebounds. Keep an eye on the daily close; a strong finish above $77.00 could shift sentiment back in favor of bulls, while a close below $76.00 might trigger further selling pressure.