⚪ Silver (XAG) Outlook Turns Volatile as Speculative Buying Detaches From Demand
Silver prices recently hit a record peak before reversing, highlighting a growing disconnect between speculative inflows and real physical demand. Technical signals show potential short-term pullbacks, even as supply constraints keep the long-term story intact.
Key Facts:
• 📉 Silver reached a fresh record high around $121.67 before reversing on profit-taking.
• 🧠 A close below $106.77 could trigger deeper correction toward $102–$106 support.
• 📈 Uptrend dynamic support lines around $100.46 and $86.74 may offer stabilizing zones if prices slide.
Price Outlook (Near-Term):
• 🔼 Bullish scenario: A sustained break above recent highs could reignite upside momentum, targeting new swings above current range.
• 🔽 Bearish scenario: Confirmed reversal and volatility could lead to short-term pullbacks toward key support clusters near $102–$106.
Market Insight:
Analysts warn the rally has detached from core physical demand fundamentals, meaning momentum and speculative flows are currently driving price action more than underlying consumption trends — a setup that can produce sharp swings both up and down.