Technical Outlook

Silver surged past $60 to a new record high, supported by robust industrial demand and continued safe-haven buying

Silver surged to a new record high of $61.59 on Wednesday, extending Tuesday’s strong rally that posted a 4.5% daily gain and broke through the psychological $60 barrier. The metal continues to benefit from robust safe-haven demand alongside a persistent imbalance between industrial demand and supply. Over the past six months, silver’s rally has…
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EURUSD holds a constructive tone, though the thick descending daily cloud continues to act as a major obstacle

The Euro maintains a firm tone on Tuesday after the latest recovery pushed the pair to a two-week high at 1.1652, though the swift pullback that followed signaled strong upside rejection, reflected in a daily candle with a pronounced upper shadow. The advance stalled just beneath the base of the daily Ichimoku cloud at 1.1666 and created a…
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