Silver Price Forecast: Strong Dollar Could Drive Silver Toward $50
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Key Points:
- Silver remains under pressure as a stronger U.S. dollar and rising Treasury yields limit the recovery.
- A break below $55 could extend the correction toward the $45 to $50 support zone.
- Healthy industrial demand could support the next major recovery once macro pressures ease.
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Silver (XAG) prices remain under pressure as rising U.S. Treasury yields and a stronger U.S. dollar limit the recovery from the key $55 support. In my view, silver may correct toward the $45 to $50 support zone before starting the next major rally toward $90. But a break above $72 would confirm the bottom. This article examines the impact of Treasury yields, the U.S. dollar and industrial demand on silver and identifies the key levels that could determine the next move.