Silver

The silver price is reflecting a recent rebound from lower support levels. The overall structure suggests a pause and consolidation after forced selling, rather than a lower trend continuation.

Key Indicators

• Technically, the overall momentum remains mixed. However, the short-term structure and momentum are currently favoring buyers.

Fundamental Context

After a sharp decline last week, XAGUSD managed to correct some losses after the US and Iran announced a preliminary peace agreement aimed at ending the conflict.