Silver Price Forecast: XAG/USD hovers around 50-day EMA above $79.00

💡 DMK Insight

Silver’s recent climb to around $79.20 per troy ounce is more than just a price move—it’s a signal of shifting market dynamics. With ongoing economic uncertainty and inflation concerns, silver often acts as a safe haven. This uptick could attract both retail and institutional investors looking to hedge against volatility in equities and currencies. Traders should keep an eye on the $80 resistance level; a breakout could lead to further bullish momentum. Conversely, if silver fails to hold above this level, we might see a pullback, especially if the dollar strengthens or if interest rates rise unexpectedly. Watch for upcoming economic data releases that could influence market sentiment and silver’s trajectory. Here’s the thing: while many are bullish, it’s worth questioning whether this rally is sustainable or just a temporary spike fueled by fear. If the broader market stabilizes, silver could face downward pressure again. Keep an eye on the daily chart for signs of reversal or continuation patterns.