Silver
BearishArchived analysis from Sep 14, 2026, 8:50 PM
Key insight
$63.14 breaks below the 21-day MA near $64.50, confirming short-term trend reversal. Gold's simultaneous -1.4% slide removes the safe-haven bid; next key floor is the 50-day MA at $61.80.
-2.1% drop to $63.14 underperforms gold's -1.4%, pushing the gold/silver ratio above 67 — industrial demand fears dominate as USD/JPY rises to 154.4, pressuring dollar-denominated metals.
Main risk
USD/JPY surge to 154.4
Yen weakness signals renewed dollar strength — a rising DXY is the fastest headwind for silver; break above 155 targets $60 support.
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