Forecasts of the movement of silver prices

Silver at the basic level

Silver prices fell on Thursday towards 37.80 dollars per ounce, after the US dollar and Treasury bond yields rose from recent highs.

It is expected that the US Federal Reserve will need to keep interest rates steady for a longer period to contain inflation, especially given the upward pressure caused by tariffs.

It is worth mentioning that today we will have retail sales on the monthly frame.

Silver at the technical level

Silver is still trading inside the ascending price channel on the daily frame, as with a silver correction near the support shown and also the lower boundary of the ascending channel, we will have a good buying opportunity on silver.

Our Buy levels start near 37.35 to 36.85 dollars, With targets at $35.50 as an initial target and then $40.00 levels as a final target.

This scenario fails if the USD 36.25 levels break down.