Silver

Bullish

Archived analysis from Aug 6, 2026, 8:24 PM

Key insight

$62.20 open rejected intraday — hold $60.50 (10-day MA) or bull thesis delays; $65 next key resistance

Surged 4%+ in 48h on Hormuz optimism; holds $61.63 after pullback from $62.27 intraday high

Main risk

US July Payrolls — Aug 8 print

Strong jobs data Aug 8 delays Fed cuts, strengthens USD, pressures silver below $60

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