Silver

Key insight

$68.16 holds above the $66.50 breakout shelf — momentum favours a push toward all-time-high territory near $70. Gold/silver ratio compression adds fuel; industrial demand from solar capacity expansion underpins dips.

Trades at $68.16, up 1.71% — outperforming flat gold and a soft equity tape, confirming independent industrial-metal bid driven by green-energy demand and tight mine supply.

Main risk

USD/JPY spike above 160 crushes metals

USD/JPY at 159.1 and rising — a break above 160 would strengthen the dollar broadly, historically pressuring XAG/USD by 3–5% rapidly.