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Silver prices rose nearly 2% on Friday but are expected to close the week with a 10.29% decline after dropping below the $60.00 level for the first time since the December 2025 rally. The move below $60, a key psychological and technical level, signals renewed bearish momentum. Traders are now watching $55 as the next critical support target, with a breakdown there likely to trigger further declines. The weekly loss underscores broader weakness in industrial metals amid mixed macroeconomic data and shifting investor sentiment.
This development is significant for commodity traders and investors, as silver’s performance often mirrors both industrial demand and safe-haven flows. A sustained move below $60 could invite more short-term selling pressure, especially if central banks maintain hawkish stances. Technical indicators suggest the $55 level may act as a temporary floor, but a decisive breach could open the path to $50. Market participants should monitor U.S. inflation data and geopolitical tensions for potential volatility triggers.
For Gulf and MENA investors, the silver correction aligns with broader commodity market trends, including gold and copper. Regional industrial sectors reliant on silver inputs may face cost pressures if prices remain depressed. Traders should watch the $60 retest for potential reversals and consider hedging strategies if the bearish trend continues. Key upcoming events include the U.S. non-farm payrolls and OPEC+ policy updates.
