FX.co ★ XAG/USD, SILVER

Spot silver traded between $71.56 and $63.29 before settling at $64.88, down $3.16 or 4.64% for the week. The 2-year Treasury yield increased 2.25% to 4.179%, while the Dollar Index increased 0.96% to 100.760. Silver dealers are already familiar with the results of that combination. Both sides attacked the metal, and Friday's closing creates early vulnerability for Monday. At the beginning of the week, the DXY surged from 99.384 and continued to rise. The fact that silver moved in the opposite direction the entire period reveals everything about the current state of the market. The entire issue with silver at the moment is that the DXY is regaining the 100 level. Every foreign buyer is paying more for the same ounce, and last week there was an instantaneous decline in physical demand. Buyers outside of the US do not intervene when the dollar runs close to a full percent in five sessions. Before placing new orders, they wait for the currency to settle, which eliminates the bid from under the price. Silver plummeted over five percent without encountering any resistance because speculative traders were already lowering their exposure heading into the week and there was no actual purchase to offset the selling. While the dollar continued to rise at the same time, the selling continued on its own. The daily swing chart and the moving averages show a downward trend. Following a rally from $61.50, a new main top has formed at $71.56, suggesting that traders are continuing selling rallies. There is a retracement zone between $66.53 and $65.34 within this range. The closing beneath this region points to Monday's early weakness. The tone should be established by the way traders respond to this zone. The downward targets are concentrated at $61.50, $61.00, and $60.83. The latter represents half of the maximum. An acceleration to the downside could be triggered by a trade through a significant long-term low at $59.34. After the data was released, silver (XAG) somewhat improved but is still under pressure. The slowdown in orders for durable products is a sign of a weak real economy, which may have an impact on the industrial demand for silver. Gold and silver are also significantly impacted by the drop in oil prices. Following the U.S.-Iran agreement that reduced concerns over the Strait of Hormuz, the decline in oil prices may help reduce inflation pressures. Gold and silver may rise from their current levels when the US dollar corrects from 101.74. However, both metals may see fresh selling pressure close to resistance as long as interest rate increases are anticipated. The significance of the present support level at $55 is demonstrated by the spot silver daily chart. The price recovered from the $55 area, which is the key support zone's lower border. The silver price will probably move toward the significant accumulation zone between $45 and $55 if it breaks below $55. For long-term investors, this area is regarded as an accumulation zone. As a result, if the price of silver continues to decline, new purchasers will probably be drawn to the $45 to $55 range. Additionally, the spot silver 4-hour chart demonstrates that the decline occurs following failure at the $72 region. However, prices are currently getting close to the target region, which could lead to a recovery. The long-term support range is still between $50 and $60. Despite a recovery from the current support levels, gold and silver are still under pressure in the near future. Silver has support at $55, and gold has support at $3,950. In the medium term, a break below these levels will drive the metals much lower. The Federal Reserve continues to have cause to halt and limit the potential rise in metals due to the sticky core PCE inflation. For a significant rally to occur, gold must break over $4,350 and silver must break above $72. {"data-align":"center","data-size":"full","data-tempid":"temp_5215771_1782472636840_849","title":"Screenshot_20260626-161645.png"}