Silver Price Forecast: XAG/USD remains depressed near $82.25; bulls not ready to give up

💡 DMK Insight

Silver’s recent dip below $64.00 is a red flag for bulls looking for a rebound. The inability to maintain momentum after hitting a low not seen since December suggests underlying weakness. Traders should be cautious; if silver can’t reclaim that $64.00 level soon, we might see further selling pressure. This could trigger stop-loss orders and push prices down even more, potentially testing lower support levels. Keep an eye on correlated assets like gold, which often moves in tandem with silver. If gold starts to falter, silver could follow suit, amplifying the bearish sentiment. On the flip side, if silver manages to break back above $64.00, it could attract buyers looking for a bargain, but that’s a big if right now. Watch for volume spikes around this level to gauge market sentiment. Immediate action is crucial—monitor the next few trading sessions closely for signs of a reversal or further decline.