LIVE MARKET ALERT Silver prices retreated during the intraday session, with spot value hovering near 92.79 per ounce, marking a decline of 1.59%. The metal faced moderate pressure as market participants locked in profits following recent gains, while muted liquidity limited momentum on both sides of the market.
Technical indicators suggest silver remains within a broad consolidation range, with short-term momentum tilting slightly bearish. Reduced speculative flows and light trade volumes contributed to subdued moves, and traders remained focused on evolving macroeconomic cues and potential shifts in industrial demand trends.
Key Drivers:
• Profit-taking and light trading activity weighing on near-term sentiment
• Cautious outlook amid thin liquidity and consolidation within established trading ranges
This market commentary is for informational purposes only and does not constitute financial advice, trading guidance, or an offer to buy or sell any commodity.
Silver Prices Ease as Traders Take Profits in Quiet Session
"Silver slipped 1.59% to $92.79/oz as profit-taking and thin liquidity curbed momentum, with technicals showing consolidation and short-term bearish bias amid subdued speculative flows."
Technical indicators suggest silver remains within a broad consolidation range, with short-term momentum tilting slightly bearish. Reduced speculative flows and light trade volumes contributed to subdued moves, and traders remained focused on evolving macroeconomic cues and potential shifts in industrial demand trends.
Key Drivers:
• Profit-taking and light trading activity weighing on near-term sentiment
• Cautious outlook amid thin liquidity and consolidation within established trading ranges
This market commentary is for informational purposes only and does not constitute financial advice, trading guidance, or an offer to buy or sell any commodity.