Silver Struggles at $90 Resistance

Silver prices faced strong resistance at the $90 level on Thursday. The metal initially gained during trading but then gave back those advances quickly.

Weak supply and concerns about interest rates continue to influence the market. Silver rallied early in the session before falling again.

Traders view $90 as a significant barrier. A drop from current levels could target the $80 mark. Breaking above $90 would open the way for a move toward $95.

U.S. interest rates cooled slightly on Thursday, which could offer some support. A rise in rates, however, would likely pressure silver lower. Supply remains limited, with strong demand from industries tied to artificial intelligence.

Some observers believe silver will eventually trade higher. This would require positive news from the Middle East to draw investors away from bonds and back into metals. The correlation between bonds and metals has recently shown some shifts.