Article details
Silver (XAG/USD) has consolidated above $73 following a rejection at the $75 level during Friday's European session. The price initially tested the $75 area, which previously acted as support, but failed to break higher, leading to a pullback into the lower $73 range. Traders are now monitoring whether this rejection will trigger a deeper correction or if the $73 level will hold as a new support zone.
For markets, the $75 level is critical as a psychological and technical resistance point. A sustained break above this level could reignite bullish momentum, while a prolonged stay below $73 may signal renewed bearish pressure. Silver's performance is closely tied to gold and industrial demand, making it sensitive to macroeconomic data and central bank policies.
Looking ahead, investors should watch for a potential breakout above $75 or a breakdown below $73. A move below $72 could test the next support at $70, while a rebound above $75 would target $78. The US dollar's strength and global risk appetite will also influence silver's trajectory in the coming sessions.
