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Silver Reclaims Momentum As Rate-Cut Bets Push Prices Back Toward $50
(MENAFN- The Rio Times) Silver opened the week firm, trading around $49.5–$49.7 an ounce in early London hours, after a brisk overnight rally that outpaced gold.
The move reflects softer-dollar sentiment and growing confidence that the Federal Reserve will ease sooner rather than later-classic market drivers that reward disciplined policy signals and penalize expansive, inflation-friendly experiments.
Over the past seven days, the metal clawed back ground lost in early November, rebuilding from the high-$48s to the cusp of $50.
Last month's London squeeze-when spot briefly decoupled from futures-has cooled as shipments replenished inventories, yet the market remains tight enough to keep any dips shallow.
On COMEX, volumes have been solid into the rebound, while the iShares Silver Trust ended last week with roughly 485 million ounces under custody, a heavy stack that underlines persistent investment demand.
Asia's physical pull, led by India's seasonal buying and steady Chinese offtake, has stayed constructive.
At the same time, the medium-term story remains anchored in industry: robust solar build-outs and electronics consumption keep silver 's balance tilted toward deficit, a backdrop that has repeatedly frustrated attempts by policymakers to talk metals lower with rhetoric untethered from supply constraints.
Technically, the picture has improved. On the daily chart, price has reclaimed short-term moving averages near $49.1–$49.3 and is pressing into overhead resistance around $49.9–$50.
Momentum gauges are turning up, with RSI in the mid-50s and a MACD that's curling higher after a negative stretch. The four-hour chart is hotter: RSI near the high-60s and a clean bullish MACD cross point to a retest of October's pivot zone.
A decisive break above $49.9 would open $50.8–$51.2; failure back below $49.1 would argue for more range trade toward $48.3. Traders will watch two confirmations today: fresh creations in silver ETFs and expanding U.S. session futures volume.
If both arrive alongside a steady dollar, the path of least resistance remains higher. In a market where real-world demand and capital-discipline narratives matter more than slogans, silver's bid looks earned-not engineered.
The move reflects softer-dollar sentiment and growing confidence that the Federal Reserve will ease sooner rather than later-classic market drivers that reward disciplined policy signals and penalize expansive, inflation-friendly experiments.
Over the past seven days, the metal clawed back ground lost in early November, rebuilding from the high-$48s to the cusp of $50.
Last month's London squeeze-when spot briefly decoupled from futures-has cooled as shipments replenished inventories, yet the market remains tight enough to keep any dips shallow.
On COMEX, volumes have been solid into the rebound, while the iShares Silver Trust ended last week with roughly 485 million ounces under custody, a heavy stack that underlines persistent investment demand.
Asia's physical pull, led by India's seasonal buying and steady Chinese offtake, has stayed constructive.
At the same time, the medium-term story remains anchored in industry: robust solar build-outs and electronics consumption keep silver 's balance tilted toward deficit, a backdrop that has repeatedly frustrated attempts by policymakers to talk metals lower with rhetoric untethered from supply constraints.
Technically, the picture has improved. On the daily chart, price has reclaimed short-term moving averages near $49.1–$49.3 and is pressing into overhead resistance around $49.9–$50.
Momentum gauges are turning up, with RSI in the mid-50s and a MACD that's curling higher after a negative stretch. The four-hour chart is hotter: RSI near the high-60s and a clean bullish MACD cross point to a retest of October's pivot zone.
A decisive break above $49.9 would open $50.8–$51.2; failure back below $49.1 would argue for more range trade toward $48.3. Traders will watch two confirmations today: fresh creations in silver ETFs and expanding U.S. session futures volume.
If both arrive alongside a steady dollar, the path of least resistance remains higher. In a market where real-world demand and capital-discipline narratives matter more than slogans, silver's bid looks earned-not engineered.
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