LIVE MARKET ALERT
Silver prices trade around $76.5 per ounce, edging 1.08% higher in intraday dealings as traders reassess positioning following a bout of mechanically driven liquidation. The market appears to be stabilizing after recent volatility tied to portfolio adjustments, while underlying demand from industry and investors continues to provide a modest cushion.
Technical sentiment remains cautious, with traders watching whether momentum can build above key resistance zones. Any shift in broader risk appetite or currency movement could influence short-term flows, though the current session’s tone suggests a more balanced trade between profit-taking and renewed speculative interest.
Key Drivers:
• Citigroup estimates that around $6.8 billion in silver futures could be sold due to index rebalancing, prompting some short-term selling pressure.
• Improving industrial demand expectations and a softer U.S. dollar are lending underlying support to the market, tempering the impact of supply-based liquidation.
This report is for informational purposes only and does not constitute investment advice. Market conditions can change without notice.
Silver Holds Near $76.5 as Market Pauses After Index Rebalancing Pressure
"Silver trades near $76.5/oz, up 1.08%, stabilizing after liquidation tied to index rebalancing. Softer dollar and firm industrial demand offset $6.8 billion futures selling pressure."
Technical sentiment remains cautious, with traders watching whether momentum can build above key resistance zones. Any shift in broader risk appetite or currency movement could influence short-term flows, though the current session’s tone suggests a more balanced trade between profit-taking and renewed speculative interest.
Key Drivers:
• Citigroup estimates that around $6.8 billion in silver futures could be sold due to index rebalancing, prompting some short-term selling pressure.
• Improving industrial demand expectations and a softer U.S. dollar are lending underlying support to the market, tempering the impact of supply-based liquidation.
This report is for informational purposes only and does not constitute investment advice. Market conditions can change without notice.