As long as we have a strong US dollar, this is still going to be a market that has a certain amount of headwind, as we see the pricing power of silver struggle a bit. Longer-term investors are likely to be buying dips.
Silver price today: Silver falls, according to FXStreet data
Silver prices slide as the U.S.-Iran conflict lifts oil, fuels inflation fears and raises Fed rate hike risk. See key support levels and market outlook.
Silver Price Forecast: XAG/USD falls to near $58.00 due to prevailing bearish bias
Silver Price Forecast: XAG/USD falls to near $59.00 amid rising US-Iran strikes
Silver Price Forecast: Lower high structure holds, bear's eye $55.00
Silver continues to struggle with anything close to momentum, as we are looking at a situation where the lack of yield remains a problem in the higher-rate environment.
As long as interest rates and the US dollar continue to be elevated, I think silver will continue to be a bit sluggish. On Friday, we continue to watch this play out.
Silver Price Forecast: XAG/USD turns upside down amid renewed Middle East hostilities
Silver price today: Silver falls, according to FXStreet data
Silver market faces a key test as Fed hike expectations build. Discover why $59.44 to $58.53 is the technical battleground for traders.
Silver Price Forecast: XAG/USD rises as oil prices correct, US Dollar faces pressure