Silver Price Forecasts: XAG/USD struggles to regain the $75.00 area

💡 DMK Insight

Silver’s recent drop to $64.00 is a critical warning sign for traders: The metal’s struggle to reclaim the $75.00 support level indicates bearish sentiment is still strong. With XAG/USD currently hovering just above $74.00, traders should be wary of further downside risks. If silver fails to break above $75.00, we could see a retest of those seven-month lows, which might trigger stop-loss orders and increase volatility. This situation is compounded by broader market trends, including rising interest rates and a stronger dollar, both of which typically weigh on precious metals. On the flip side, if silver manages to break above $75.00, it could signal a reversal and attract buying interest, especially from institutional players looking for a hedge against inflation. Keep an eye on the daily chart for any signs of bullish divergence or increased volume around key levels. For now, the immediate watchpoint is the $75.00 resistance—traders should monitor this closely for potential breakout or breakdown scenarios.