SILVER might bounce to 35, might jump to 44, who knows... I think whether it bounces to 35 or not - 44 is still gonna be reached eventually either way.
XAGUSDSILVER Silver Surges to 13-Year High as Rate Cut Bets Grow Silver jumped to $38.9, marking its highest level since August 2011, supported by lower US yields and a weaker dollar. Fed Governor Waller signaled support for a July rate cut, pointing to softer labor data and slowing core inflation, while downplaying the impact of tariff-related price pressures. In addition, China’s efforts to strengthen key industrial sectors increased metal demand forecasts. ETF inflows into precious metals also increased, highlighting rising safe-haven interest.
Resistance is at 39.50, while support holds at 37.40.
XAGUSDSILVER Silver is trading above $38.3, supported by safe-haven flows and resilience in industrial demand. The metal outpaces gold on the back of stronger relative momentum and inflation expectations.