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[radex78]

Silver has historically been in a consolidation phase, moving within a daily range of around $74-$80. The Fed's interest rates remain high, and US bond yields also support the USD. However, silver is supported by industrial demand.

 

[radex78]

Silver prices corrected to a low of around $72,426, with a strengthening USD still hampering gains in precious metals like silver. The RSI is at oversold levels, and we're waiting for a price rebound to around $77.

 

[radex78]

The Canadian dollar weakened due to slowing economic growth. Today, the market will anticipate the simultaneous release of US and Canadian employment data. Technically, USD/CAD is in a moderately bullish bias.