Silver breakout above the June to August range is riding on fresh optimism over a potential US-Iran deal, though the move is.
Silver Price Forecast: XAG/USD rises above $62.00 on easing inflation concerns
Silver Price Forecast: XAG/USD skyrockets above $60, tests 50-day SMA
XAG/USD Price forecast: Silver runs past $60, higher highs at sight
Silver Price Forecast: Daily momentum improves, but weekly outlook stays bearish
Silver rallies early during the trading session on Wednesday to test the 50-day EMA. This market continues to pay close attention to the interest rates in America as well.
Silver Price Forecasts: XAG/USD, capped below $62.00 but steady near one-month highs
Silver rallies 3.3% as oil, Treasury yields and the dollar all turn lower, pushing XAGUSD above the $60.835 pivot.
Gold and Silver buy signals trigger [Video]
Gold and silver are tracing bullish breakout risks above their June-August consolidations as market optimism grows over a potential US-Iran deal. However, geopolitical risks continue to persist.
Silver Price Forecast: XAG/USD hits one-month high, eyes $62.00 after technical breakout
TL;DR: Silver has returned above $60 as growing optimism over a Strait of Hormuz reopening pulls oil lower, reshapes Fed rate expectations, and drags Treasury yields down — with silver carrying an extra industrial-demand tailwind gold doesn't have.