Silver

Bearish

Archived analysis from Sep 4, 2026, 1:29 PM

Key insight

65.30 trades beneath the 10-day MA and prior breakout base at $66.80; a close below $64.00 round-number support opens a swift retest of $61.50 — the 38.2% Fib of the 2025–2026 rally.

Drop of 2.52% on 4 Sep confirms rejection below $67.50 resistance; gold falling 1.9% and dollar firm at EUR/USD 1.1600 drag silver lower with no floor yet established above $64.

Main risk

Gold correlation breakdown

Gold -1.9% today while silver -2.5% — silver underperforming signals industrial demand anxiety, not just USD strength, risk of deeper leg down.

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