Silver Hits December Lows at 50% of All-Time High as Dollar Strengthens
Silver fell to its lowest level since December, testing the 50% retracement of its all-time high and placing critical support at $60.83 at risk amid dollar strength, rising yields, and Federal Reserve hawkishness.
Silver fell to its lowest level since December, testing the 50% retracement of its all-time high and placing critical support at $60.83 at risk [1]. The decline reflects pressure from a strengthening dollar, rising Treasury yields, and hawkish Federal Reserve policy signals that have dampened demand for non-yielding precious metals [1].
The 50% retracement level represents a psychologically and technically significant threshold for long-term bulls, marking the midpoint between silver's all-time peak and its base [1]. The $60.83 support level now serves as the immediate floor; a sustained break below that price could trigger additional selling from technical traders and momentum-following commodity funds.
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