**Silver Price Outlook** Silver prices fell by 0.50% during the Asian session, trading around $36.40-$36.35. The upcoming US Nonfarm Payrolls report has made traders hesitant to make new bets. The technical indicators show a mixed picture. The MACD histogram and signal line are both pointing down, while the RSI is above 50. This indicates that if silver drops below $36.00, it could present a buying opportunity, with support around $35.50-$35.40. If prices break below these levels, we might see a drop toward $35.00 and possibly to $34.75. On the other hand, if silver holds above $36.60, prices could rise to the $37.30-$37.35 range, continuing the three-month uptrend. Silver is attractive as a store of value and has important industrial uses, especially in electronics and solar energy. Its price is affected by geopolitical events, interest rates, the US Dollar, mining supply, and recycling rates. Silver’s price movements often follow gold due to similar safe-haven characteristics, as indicated by the Gold/Silver ratio. A high ratio may imply that silver is undervalued or gold is overvalued, while a low ratio could suggest the opposite. **Market Volatility and Trader Sentiment** As volatility decreases before the US jobs data, traders are currently cautious, opting to stay on the sidelines instead of making commitments without clear direction. The recent minor decline in silver—just half a percent—does not suggest any significant trend change. It reflects a market that is more reactive than proactive this week. Technically, the indicators are showing mixed signals. MACD is softening, suggesting reduced momentum, while the RSI remains above the midline, indicating support for current price levels unless we fall below $36.00. If sellers push silver below this level, we might see a test of support at $35.50, and perhaps down to $35.00—where demand has previously returned. There’s not much support below $35.00 until around $34.75, a level that has shown to be pivotal in past corrections. If buyers can defend the $36.60 level, there’s enough technical momentum to potentially drive prices back up towards recent highs near $37.30. The price has so far respected the three-month trend channel, and unless there is a major change from Friday’s data, this trend should continue. It’s essential to monitor volume; price movements alone aren’t enough without strong buyer commitment. Demand for silver is supported by its dual role as a store of value and a key component in new technologies, particularly in renewable energy and electronics. This duality contributes to silver’s resilience, even amid rising interest rates, although the strength of the dollar can complicate matters. Currently, a strong dollar tends to limit silver’s upside, and any hawkish stance from policymakers could further impact commodity prices. The immediate focus is how all these factors affect the overall risk landscape, with one eye on geopolitical news and the other on inflation trends, balancing between defensive strategies and macroeconomic data. Traders monitoring the Gold/Silver ratio noticed that last week’s increase resulted in silver being relatively cheap. When this ratio widens, it often isn’t sustainable. The question arises whether silver has become too cheap or if gold is simply overvalued, which can influence short-term trading strategies. In the near term, those looking to invest should pay close attention to critical levels, especially around $36.00 and $36.60. These will indicate whether buyers are still dominant or if we’ll see a deeper decline. Timing may be more important than direction, especially with higher volatility expected around the NFP release. In the next two weeks, sensitivity to US data will likely intensify, particularly concerning inflation and job markets. For now, trend-followers might adopt a reactive stance, while mean-reversion strategies could still be effective in well-known support areas. Patience and chart discipline will be key. Create your live VT Markets account and start trading now.

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