đ Silver Price Forecast Update!
Silver (XAG/USD) has bounced back strongly above $76.50 after facing a sharp sell-off earlier. The recovery signals renewed buying interest, but traders remain cautious ahead of the upcoming US CPI data, which could drive the next major move.
đĄ Whatâs happening?
After a steep drop, silver found solid support and staged a rebound, suggesting buyers are stepping back in. However, inflation data from the US will be the key catalyst â higher-than-expected CPI could strengthen the dollar and pressure silver, while softer data may fuel further upside.
đĽ Market Focus:
Reclaiming $76.50 shows short-term strength
Resistance levels ahead could test bullish momentum
US inflation numbers will likely set the tone for volatility
Traders should brace for potential swings as macro data hits the market. Stay sharp and manage risk wisely!$XAG #CPIWatch #XAGPump #XAGUSDTĺŽććĺ #XAGShort #CZAMAonBinanceSquare