Silver exploded to new high following conflict between Federal Reserve and US government, currently trading at $90. Current surge is product of commodity supercycle driven by industrial demand and demand for safe assets as traditional assets highly correlated. CME raised margin requirements to $25,000 with shortage in Shanghai markets as Asian industrial demand eating up new supply. Can expect sustained bullish momentum from this point onwards, but no big jumps till paper market reflects shortage in West.
Key Levels: Support at $79.609 | Resistance at $96.140
Investor Takeaway: Historic $90 level reached as institutional crisis premium compounds commodity supercycle and Shanghai shortage; Western paper markets slowly acknowledging physical tightness with resistance now at $96.
