Just caught something interesting in the silver market. XAG/USD actually broke through $76.50 and jumped near $79 on that softer inflation print back in December. The dollar took a real hit when CPI came in at just 0.1% monthly instead of the expected 0.3%, which immediately shifted expectations on Fed cuts. When the greenback weakens like that, silver price naturally benefits since it's dollar-denominated. Makes it cheaper for international buyers holding other currencies. What caught my attention was the volume spike - COMEX saw 35% above average trading that day, so this wasn't just retail chasing. Institutional money actually moved into physical silver through ETFs, with over $200M flowing into SLV alone. The interesting part is understanding why silver outperformed gold during this move. Gold went up 2.1% weekly but silver crushed it at 4.8%. That gap usually signals strong risk-on sentiment, and it makes sense given silver's industrial demand story. Solar capacity is still ramping up globally, and that needs silver for panels and electronics. So you've got this perfect setup where the monetary side (weaker USD, lower rates) combined with solid industrial fundamentals. Technically, $79-80 is the next resistance zone to watch. The old $76.50 level flipped to support. If silver price breaks above $80, could be setting up for a sustained move higher. Real yields dropping really helped the case for non-yielding assets like silver. Interesting confluence of factors that month.

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