Silver

Key insight

$63.00 holds above the key $60 round-number/prior breakout base — a daily close below $60 is the first real bear signal; until then, dips are buyable with the industrial and monetary bid intact.

Pulls back -1.1% to $63.00 but remains well above the 200-day MA near $48; gold at $4,265 keeps the gold/silver ratio elevated, flagging silver as undervalued relative to its monetary peer.

Main risk

USD strength / real-yield surge

EUR/USD -0.7% and USD/JPY +0.7% on the day — sustained dollar rally above DXY 105 compresses silver faster than gold given thinner liquidity.