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
Facts:
- Silver has broken below the $65 support zone .
- The market is pricing in a 51% probability of a 25 bp rate hike at the Federal Reserve’s September meeting.
Recommendation: Position: Short Silver
- Take Profit (TP1): $58
- Take Profit (TP2): $54
Stop Loss (SL): $66
Source: xStation5
Opinion
Silver remains under pressure from both technical and macroeconomic factors. After several unsuccessful attempts to hold above the $65–66 area , SILVER broke lower and declined toward the $60–62 range . If silver fails to reclaim the area above $64 , the downtrend may resume. In such a scenario, the first downside target would be $58 , followed by $56 . From a fundamental perspective, silver continues to face headwinds from a stronger U.S. dollar and increasingly hawkish expectations regarding Federal Reserve policy. Higher bond yields raise the opportunity cost of holding non-interest-bearing assets such as precious metals. Upcoming U.S. macroeconomic data, particularly the PCE and Core PCE inflation reports , could serve as important catalysts for the next move. Stronger-than-expected readings could increase expectations of further monetary tightening and place additional pressure on silver prices. At the same time, the short position should be viewed as a tactical trade rather than a structural one. The physical silver market remains fundamentally tight. However, the $50–60 range appears to be an attractive accumulation zone, considering silver’s long-term importance as a strategic metal.
