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Figure Heloc 
FUNDAMENTAL
OVERVIEWSilver gapped lower today following
the breakdown of US-Iran negotiations over the weekend. This shouldn’t be
a surprise though given the strong divergence in stances ahead of the talks.There have been reports of
US and Iran continuing to exchange messages through diplomatic backchannels,
but for now we don’t have any official date for another round of negotiations.
The good news is that the ceasefire seems to be holding, but Trump decided to
put pressure on Iran by blockading
their ports. This has raised the risk of
a potential breach of the ceasefire which is likely going to keep traders on
edge. For now, the upside might remain capped as renewed hawkish bets on
central banks will likely weigh on silver. The price action might remain mostly
rangebound unless we get a new escalation or a peace deal.SILVER TECHNICAL
ANALYSIS – DAILY TIMEFRAMEOn the daily chart, we can
see that silver got rejected around the 78.00 handle which is acting as
resistance. If the price gets there again, we can expect the sellers to step in
with a defined risk above the resistance to position for a drop back into the
major upward trendline. The buyers, on the other hand, will look for a break to
increase the bullish bets into the 90.00 handle next.SILVER TECHNICAL ANALYSIS – 4
HOUR TIMEFRAMEOn the 4 hour chart, we
have an upward trendline defining the bullish momentum. The price got rejected
around the trendline as the buyers stepped in with a defined risk below the
trendline to position for a rally into new highs. The sellers, on the other
hand, will look for a break to pile in for a drop into new lows.SILVER TECHNICAL ANALYSIS – 1
HOUR TIMEFRAMEOn the 1 hour chart, there’s
not much we can add here as the trendline and the resistance remain the most
important technical levels for now. The red lines define the average daily range for today. UPCOMING CATALYSTSTomorrow we have the US PPI report. On Thursday, we get the latest US Jobless
Claims figures. The focus remains on US-Iran headlines.
This article was written by Giuseppe Dellamotta at investinglive.com.
💡 DMK Insight
Silver’s gap down today signals heightened geopolitical risk and its impact on safe-haven assets. The breakdown in US-Iran negotiations is a crucial factor for traders to consider, as it often leads to increased volatility in precious metals. When geopolitical tensions rise, investors typically flock to safe havens like silver and gold, which can create sharp price movements. If silver continues to show weakness, traders should monitor the $24.00 level closely; a sustained drop below this could trigger further selling pressure. Conversely, if tensions escalate, silver could rebound sharply, especially if it tests resistance around $25.50. It’s worth noting that while mainstream narratives focus on immediate price reactions, the underlying sentiment can shift quickly based on new developments in diplomatic talks. Traders should keep an eye on news updates and be prepared for rapid changes in market sentiment. Watch for any significant news from diplomatic channels that could influence silver’s trajectory in the coming days.
📮 Takeaway
Keep an eye on silver’s $24.00 support level; a break could lead to further declines, while geopolitical developments might trigger a rebound towards $25.50.
