Silver

Key insight

53.07 trades near multi-decade highs; gold/silver ratio compression and USD weakness (EUR/USD 1.1265 +0.3%) fuel momentum. Next technical resistance at $55.00 round number; break opens $58-60 zone.

53.07 holds above the key $50 round-number breakout zone — gold at $4,137 (+1.9%) leads metals higher, gold/silver ratio compression signals silver catch-up trade accelerating.

Main risk

Tech Equity Selloff Hits Industrial Demand

Nasdaq -1.4% signals risk-off rotation; silver's 50%+ industrial use makes it vulnerable if growth fears accelerate beyond $50 support.