Silver

Key Indicators

• Despite the last 2 days' pullback, the precious metal has rebounded once again from the key demand zone, $56.50. Therefore, closely monitor the next US trading session for further technical rebound if the price stays above the support zone.

Fundamental Context

Investors should also closely monitor the upcoming Fed meeting outcome, as market volatility is expected to increase around its release. While short-term volatility may present upside risks, the broader trend remains bearish.