Silver

Key insight

$63.66 sits above the 50-day MA near $61.50 — dip buyers have structural support; $67.00 round-number resistance is the key near-term level to reclaim for bull continuation.

Pullback to $63.66 is a healthy retest after silver's multi-year breakout above $32; gold/silver ratio and $94.9 oil confirm commodity bull cycle intact despite today's -1.24% dip.

Main risk

USD/JPY surge to 158.9 pressures metals

USD/JPY at 158.9 signals broad dollar resilience; dollar strength historically compresses silver in the short run, threatening a retest of $61.50.