Silver

Bullish

Archived analysis from Sep 4, 2026, 3:36 AM

Key insight

$66.73 consolidates below $68.50 resistance — break above targets $72 round number; ratio to gold at multi-month extremes historically precedes silver catch-up rallies.

Holds above $65 structural support as Gold/Silver ratio near 67x signals relative undervaluation; USD/JPY 156.1 and firm equities keep industrial bid intact despite -0.39% daily drift.

Main risk

USD/JPY re-acceleration above 158

USD/JPY at 156.1 already pressuring commodities; a break above 158 strengthens DXY enough to push silver back toward $63 50-day MA.

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