S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
GoldOpinionSilverTechnical Analysis
Silver surges 3% – Precious metals bull market momentum is back?
Silver is gaining more than 3% and approaching the $80 per ounce level. Since the local low near $62 per ounce, the price has already climbed more than 25%, supported by a weaker US dollar, falling Treasury yields, and solid global industrial data. Silver is also breaking above the EMA50 (orange line) for the first time since April 17.
Source: xStation5 Looking at silver on the hourly timeframe, the chart shows a triangle formation, where the base scenario points toward an upside breakout. Such a move may already be unfolding, although the $80 area could still act as an important resistance zone, similarly to the $82–83 range, where the latest local peak is located.
Source: xStation5
