Silver Price Forecast: XAG/USD slips below 50-day SMA on strong US Dollar

💡 DMK Insight

Silver’s nearly 1% drop after hitting $78.20 signals potential volatility ahead. This retreat could indicate profit-taking by traders who capitalized on the recent highs. With silver’s price action closely tied to broader market sentiment and inflation concerns, this pullback might also reflect a shift in risk appetite among investors. Watch for how silver interacts with key support levels around $75; a break below could trigger further selling pressure. On the flip side, if silver rebounds and reclaims the $78 level, it could attract fresh buying interest, especially from institutional players looking for a hedge against inflation. Keep an eye on the upcoming economic data releases, as they could provide additional context for silver’s movement. If inflation numbers come in higher than expected, we might see renewed interest in precious metals as a safe haven.