Silver

Key insight

$69.33 holds above the key $68.00 round-number support; a close above $70.00 psychological resistance opens a run toward the 2026 swing high near $72.50. Silver's dual role in green-energy and monetary demand keeps the structural bid intact.

+1.83% today lifts XAG/USD to $69.33, outpacing gold's +0.2% — gold/silver ratio compression confirms silver catching a bid as industrial and monetary demand converge near multi-decade highs.

Main risk

USD strength / real-yield spike

USD/JPY at 159.4 flags dollar resilience — a surge in 10-yr real yields above 2.5% historically flushes leveraged silver longs fast.