Outlook: Cautiously Bullish
Time Horizon: 1 Day
- Silver has broken above R1 and is advancing toward its all-time high near $71.
- RSI remains below its moving average but is trending upward.
- MACD shows elevated selling pressure following the breakout.
- The move reflects both industrial demand and safe-haven allocation amid high asset correlations.
Key Levels:
Support: 64.04 | Resistance: 70.71
Investor Takeaway:
Despite short-term volatility, silver remains a primary beneficiary of the ongoing commodity supercycle.
