Silver

Key insight

Silver's dramatic intraday reversal — from $59.26 open to $57.77 — signals exhaustion near the $58–59 resistance band; a Fed rate-hike repricing (60% September probability) is now the dominant near-term headwind despite ongoing Middle East escalation providing a safe-haven floor.

Silver is caught between a bullish geopolitical safe-haven bid (US-Iran escalation) and a hawkish Fed headwind, with price stalling just below the key $58.00 psychological resistance after a sharp intraday fade from $59.26.

Main risk

Fed September Rate Hike Repricing

Markets are pricing ~60% probability of a Fed hike in September; if upcoming US data (NFP, CPI) supports that view, real yields will rise and pressure non-yielding silver below key $55.00 support.