Silver

Key insight

Silver has rebounded sharply from mid-$57 support after the Fed held rates steady and US-Iran airstrike pause eased risk-off pressure — today's $60.73 print is the highest level since the post-$121 correction floor, and a confirmed break above $62.50 opens a run toward $70.

Silver has surged +2.0% to $60.73 today, breaking above the key $60 round-number resistance as gold rallies +1.4% and the USD weakens, with the metal now targeting the August swing high near $62.50.

Main risk

US Nonfarm Payrolls (Friday, Aug 8)

A stronger-than-expected payrolls print could reprice Fed rate-cut expectations higher, strengthening the USD and pressuring silver back below the $60 round-number level.