Silver

Key insight

$66.69 clears the $65.50 prior resistance-turned-support; next test is the $68.00 round-number ceiling. Gold at $4,412 and oil at $93.7 both rising signal broad commodity demand — silver's industrial + monetary dual role amplifies the move.

Rallies +1.43% to $66.69, tracking gold's +1.3% surge while equities sell off — classic safe-haven/inflation bid. Gold/silver ratio compression favours silver outperformance above the $65.50 breakout zone.

Main risk

USD reversal / equity risk-off contagion

Equities dropping (SPX -0.3%, DAX -1.4%) risk morphing into forced liquidation — silver sold alongside risk assets, undermining the safe-haven bid above $65.50.