Silver continues sell-off started last week as the US dollar continues to regain ground. Price dropped almost 7% over the past 4 sessions and has reached an important support today. Silver is testing the lower limit of the Overbalance structure at $26.15 and the upward trendline. Closing daily candlestick below this hurdle can be seen as a signal of short-term trend reversal. In such a scenario, the next support to watch can be found at a mid-term price zone at $24.75.
Source: xStation5
The US dollar is exceptionally weak, recording its worst half-year performance since 1973 – since the beginning of 2025, it has already lost about...
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