Silver Outlook: Consolidation Continues Amid Tech and Haven Hype

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Despite Nasdaq's recent 400-point pullback from the 21,446 high, silver has extended its one-month consolidation, with momentum and price action suggesting the calm before the breakout.

The intersection of haven demand and renewed interest in tech-sector investments—particularly around AI—could reestablish silver as a preferred alternative asset.

From a daily time frame perspective, Silver is consolidating both in price and momentum. A decisive close above the $33 level could pave the way toward $33.70, $34.30, and $35.

On the downside, a break below $31.60 could trigger losses toward $31, $30.30, and $29.50.

Written by Razan Hilal, CMT

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