Silver
BullishArchived analysis from Sep 2, 2026, 9:01 PM
Key insight
$65.35 clears prior 2026 resistance at $64.00 — breakout above this level with gold at $4,387 opens a measured run toward $68.50 Fibonacci extension. USD/JPY -1.0% adds tailwind as dollar softens.
Surges +2.0% to $65.35, outpacing gold's +1.4% — gold/silver ratio compressing signals industrial and monetary demand converging at multi-year highs.
Main risk
USD/JPY Reversal / Dollar Snap-Back
Snap-back in USD/JPY above 160.00 would pressure silver; $63.00 prior breakout shelf becomes the first line of defence.
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