Silver

Bullish

Archived analysis from Sep 18, 2026, 3:36 AM

Key insight

65.61 outperforms gold (-0.1%) on the day; break above 2026 swing high at 67.50 opens a run toward 70.00 round number. USD/JPY at 156.9 and EUR/USD 1.1484 keep dollar pressure limited.

65.61 holds above the 50-day MA near 63.80 while gold/silver ratio compresses — industrial demand and safe-haven flows converge, keeping XAG/USD on an upward trajectory.

Main risk

USD/JPY reversal squeezing metals

USD/JPY at 156.9 (+0.6%) signals renewed dollar bid — a push to 159+ historically pressures XAG/USD toward 63.80 50-day MA support.

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