Silver prices rose Tuesday as U.S. interest rates declined. This move highlights the negative correlation between rates and silver’s value. Markets continue to monitor this relationship closely.
The silver market rallied during Tuesday’s trading session. Falling interest rates typically push silver prices higher. Rising rates, conversely, tend to work against silver’s value.
Resistance is likely near the 50-day Exponential Moving Average (EMA). The $80 level above that could also prove difficult to surpass. A break beyond $80 might open a path towards $90.
Should prices pull back, the $70 level offers significant support. The 200-day EMA below provides further backing for the market. Silver remains largely consolidated between $70 and $80, facing ongoing headline risks.