Silver

Key insight

68.14 holds above key 50-day MA ($65.80) despite gold's sharp -1.4% selloff — relative strength signals silver outperforming on dips. Break above $70.00 round-number resistance opens the 2026 high near $73.50.

Pullback to $68.14 follows gold's -1.4% drop, but XAG/USD holds above the 50-day MA near $65.80. Gold/silver ratio compression and industrial demand keep the structural bid intact.

Main risk

Gold corrects further, drags XAG/USD

Gold -1.4% today at $4,593; if it breaks $4,500 support, silver loses its anchor and $65.80 MA comes into play fast.