Silver Price Forecast: Silver Rebounds From $60 as Treasury Yields Stay High
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Key Points:
- Silver rebounded from major support as long-term buyers started to return after the recent correction.
- High Treasury yields and Fed rate-hike fears may limit silver’s upside in the short term.
- A confirmed breakout above key resistance could signal stronger momentum and open the door for the next bullish move.
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Silver (XAG) has rebounded from the $60 area after a sharp correction from the $120 high in January. In my view, this rebound shows that long term buyers are entering the market near the major $50 to $60 support zone. This article examines the inflation backdrop, Treasury yields, long-term price structure, short-term breakout levels and the key levels that may decide the next bottom in silver.