July 21, 2025
Article from FX Empire by James Hyerczyk
Article Synopsis
Silver prices are nearing a breakout as the U.S. dollar weakens and Treasury yields fall, boosting demand for precious metals. Trading around $38.55, silver is approaching last week’s 14-year high of $39.13. A weaker dollar and cautious market sentiment ahead of the Federal Reserve’s upcoming policy meeting are supporting non-yielding assets like silver and gold.
Technical charts remain bullish, with traders eyeing a potential move to $40.00 if resistance is cleared. Ongoing trade tensions and upcoming economic data could further influence momentum. As long as silver stays above $37.50, the outlook remains bullish.
