Silver Price Forecast: Can Silver Break $100 as Macro Pressure Eases?
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Key Points:
- Silver is stabilising as U.S.-Iran peace hopes ease oil inflation fears and reduce pressure on Treasury yields.
- The major breakout keeps the long-term bullish structure intact, while further strength could confirm the next upside move.
- A renewed oil shock, stronger U.S. dollar, or overbought RSI could trigger volatility, but silver’s broader trend remains bullish above key support.
Silver (XAG) prices are stabilising above $72 after a sharp correction from record highs as hopes for a U.S.-Iran peace deal ease oil driven inflation fears and reduce pressure on Treasury yields. In my view, this shift improves the outlook for silver as the U.S. dollar weakens and rate cut expectations return later this year. This article examines the macro backdrop, the major breakout structure in silver, silver to gold ratio and key risks that could shape the next major move.