Trading Insights

Silver (XAG/USD)

Silver Retraces from Resistance Within Broader Commodity Supercycle

Silver has pulled back after testing R1 resistance. Despite the retracement, the broader trend remains supported by the commodity supercycle, driven by industrial demand and tightening correlations across risk assets.

Key Levels: Support $58.733 | Resistance $66.854

Investor Takeaway: MACD selling pressure remains elevated, but RSI is turning higher below its MA—suggesting the pullback is corrective rather than trend-breaking.

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