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Figure Heloc 
FUNDAMENTAL
OVERVIEWSilver prices jumped yesterday
after the announcement of a two-week ceasefire as easing financial conditions
supported a broader risk-on sentiment. However, those gains were later wiped
out when Israel launched an attack on Lebanon, triggering backlash, with Iran
insisting that Lebanon was included in the ceasefire agreement.For now, the ceasefire is
still holding, at least until tomorrow, when the US-Iran negotiations are set
to take place in Islamabad. The talks could also be extended if both sides
agree.There’s still a risk that
the conflict could restart at any moment, since the US and Iran have not officially
ended the hostilities. Nonetheless, the short-term bias has turned more bullish
for silver, as traders reprice the hawkish expectations. If the negotiations were
to fail and the war were to resume, we can expect silver to drop back towards
the monthly lows. SILVER TECHNICAL
ANALYSIS – DAILY TIMEFRAMEOn the daily chart, we can
see that silver bounced on the major trendline and pulled back into the swing
low around the 78.00 level. That’s where the sellers stepped in with a defined
risk above the level to position for a drop into the next major trendline around
the 53.00 handle. The buyers will want to see the price breaking higher to increase
the bullish bets into the 96.35 level next.SILVER TECHNICAL ANALYSIS – 4
HOUR TIMEFRAMEOn the 4 hour chart, we have
an upward trendline defining the bullish momentum. If the pullback extends
further, we can expect the buyers to lean on the trendline with a defined risk
below it to keep pushing into new highs. The sellers, on the other hand, will
look for a break to increase the bearish bets into the monthly lows.SILVER TECHNICAL ANALYSIS – 1 HOUR TIMEFRAMEOn the 1 hour chart, we
have a minor support zone around the 73.00 handle. The buyers are stepping in
around these levels with a defined risk below the support to keep targeting new
highs. The sellers, on the other hand, will look for a break to increase the
bearish bets into the trendline. The red lines define the average daily range for today. UPCOMING CATALYSTSToday we get the US PCE price index and the latest US Jobless Claims
figures. Tomorrow, we conclude the week with the US CPI report and the
University of Michigan Consumer Sentiment survey. As a reminder, we have also
the US-Iran negotiations in Islamabad tomorrow which is going to be more
important than the economic data.
This article was written by Giuseppe Dellamotta at investinglive.com.
💡 DMK Insight
Silver’s recent volatility highlights the fragility of market sentiment amid geopolitical tensions. The initial surge in silver prices was a direct response to the ceasefire announcement, which typically boosts risk appetite. However, the subsequent attack on Lebanon by Israel has reignited fears, causing a swift reversal in silver’s gains. This situation underscores the importance of monitoring geopolitical developments, as they can dramatically shift market dynamics in a matter of hours. Traders should keep an eye on silver’s technical levels; if it fails to hold above recent support, we could see further downside. Additionally, the correlation with broader commodities and risk assets suggests that any escalation could lead to a flight to safety, impacting not just silver but also gold and other precious metals. Here’s the thing: while the mainstream narrative focuses on immediate price reactions, the underlying sentiment is more complex. Traders should consider the potential for a longer-term bullish trend in silver if geopolitical tensions persist, as safe-haven demand could rise. Watch for key levels around recent highs and lows, and be prepared for volatility as the situation develops.
📮 Takeaway
Monitor silver’s support levels closely; a break below recent lows could signal further downside, while geopolitical tensions may drive safe-haven demand.
