Trading Insights

Silver (XAG/USD)

Silver Retraces from Resistance in Commodity Supercycle Rally

Silver touched R1 and now retracing. Current surge is product of commodity supercycle driven by industrial demand and demand for safe assets as traditional assets are highly correlated.

Key Levels: Support at $58.733 | Resistance at $66.854

Investor Takeaway: RSI below MA line trending upward with high MACD selling pressures; retracement from R1 signals consolidation but commodity supercycle thesis intact with rising correlations.

Disclaimer

This communication is for informational and educational purposes only and should not be construed as financial, investment, or legal advice. BitDelta Pro does not guarantee the accuracy, completeness, or timeliness of the information provided. Trading in traditional securities (such as forex currency pairs, stocks, bonds, and commodities) carries inherent risks, including potential loss of principal. Users are encouraged to carefully evaluate their financial objectives, conduct their own research, and seek independent financial advice before making any trading decisions. BitDelta Pro is not liable for any losses or damages resulting from actions taken in response to this communication.