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.
Silver Price Forecast: XAG/USD revisits monthly high near $61 as oil price plunges further
Silver advances amid Hormuz reopening hopes
The silver market has been positive on Tuesday so far, as we are looking to test the crucial $60 level again. This area continues to be important at the moment.
Silver shines near $60 as falling Oil supports precious metals
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For much of the past decade, traders have believed that a strong U.S dollar and higher real yields would continue to cap Precious Metals. That narrative may now be changing.
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