Silver Market Critical Juncture: Key Resistance and Potential Pullback – FX Empire Analysis

Despite its recent rally, the silver market seems to be at a crucial juncture as it’s facing key resistance. The precious metal, often seen as a safe-haven asset, could be signaling a possible pullback in the near-term. Analysts at FX Empire note that the silver market is at a pivotal point, expressing concerns that the current resistance might be too robust for it to maintain the upward trajectory.n nWhile investors are keeping an eye for any breakout above this resistance level, caution is being advised due to the market’s volatility. Certainly, the volatile global environment and the strength of the US Dollar could still contribute to silver’s volatile price movements. It’s also important for investors to consider current inflationary pressures and the Federal Reserve’s future activities. As always, the prudent approach may involve patience and careful analysis of the market trends. Read More