Silver's $47.50 Cliffhanger: Will the $54 Peak Be Reached Again? 🪙
After a historic surge to near $54.50 per ounce , the Silver XAG/USD market has just delivered a punishing technical correction, wiping out a significant chunk of recent gains. The metal is now clinging to a critical support level, locked in a brutal contest between powerful, long-term structural supply deficits and immediate, market-cooling macro forces. The stage is set for a highly volatile week, with the Federal Reserve's FOMC meeting looming. This in-depth analysis breaks down the fundamental and technical dynamics that will determine if Silver can find a durable floor or is destined for a deeper retracement. 1. Fundamental Clash: Industrial Boom vs. Safe-Haven Fade Silver's price action is a textbook example of a commodity torn between its dual roles as a monetary hedge and an industrial input. The Bearish Pressure: Why Silver Fell The sharp sell-off from the $54.50 peak was fueled by several short-term factors that temporarily neutralized Silver’s safe-haven ap...