Silver Price Forecast: XAG/USD Faces Yield Pressure as Ratios Improve
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Silver remains under pressure from Treasury yields and the U.S. dollar, but improving relative strength against gold, the S&P 500, and Bitcoin suggests a stronger breakout setup may be forming.
Silver (XAG) prices remain trapped in between $72 and $95 as US Treasury yields and the US dollar continue to drive the short-term pressure. In my view, a break above $78.60 will show some signs of health, but a break below $70 will negate the short-term bullish picture. This article discusses the macro backdrop, technical levels, and relative strength signals from silver against gold (XAU), S&P 500, and Bitcoin (BTC).