Silver

Key insight

Silver has rebounded nearly +7% off its recent ~$54 wedge support and is now testing the critical $61.50 resistance (March 23 / June 11 2026 prior lows) — a confirmed close above this level would re-open the $70.73 June high and shift the trend structure decidedly bullish.

Silver is holding above the falling wedge lower boundary and pushing toward the $61.50 prior-low resistance, with strong industrial demand from AI infrastructure and renewable energy providing a durable bid even as USD headwinds persist.

Main risk

US–Iran Geopolitical Escalation + Rising Bond Yields

An intensifying US–Iran conflict has driven oil-shock risk premiums into bond markets, pushing 10-year Treasury yields higher and strengthening the USD — a direct headwind for silver that could stall the breakout attempt at $61.50.