$XAG Silver (XAG) is back on investors' radar.

Silver is currently trading around $65, with two different scenarios competing in the market:
On one hand, Fed policies, a strong dollar, and interest rate expectations are putting pressure; on the other hand, industrial demand, precious metal interest, and expectations of a technical recovery are coming to the forefront.

📊 Technical Outlook

In a short-term bullish scenario:

• Critical support: $61.50
• First major resistance: $67.70
• Strong breakout zone: $71.65 - $72

As long as the price remains above $61.50, the possibility of an upward movement is maintained.

Possible target areas followed by analysts:

🎯 $73.40
🎯 $76
🎯 Levels above $80 if stronger momentum develops

However, it should be remembered that silver is a highly volatile asset. Sharp rises can be seen as well as rapid pullbacks.

🌍 Macro Factors

Main factors affecting silver prices:

• US interest rate policy
• Dollar index movements
• Inflation expectations
• Central bank demand for precious metals
• Industrial demand from the electricity, technology, and green energy sectors

A positive environment for precious metals could emerge, especially if expectations of interest rate cuts strengthen.

📌 My critical point of observation:

Holding above $61.50 = the bullish scenario may continue.

A break above $72 = the movement could accelerate with new buyers entering the market.

However, closures below $61 could weaken the short-term outlook.

Silver is currently not just a precious metal; it is also a reflection of the global interest rate, dollar, and industrial growth story.

Do you think silver is preparing for a new upward wave, or is this just a technical rebound?

#MyGateTradeStory

⚠️ Not financial advice.