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Silver\u2019s technical outlook is constructive in the short term but faces notable resistance. Monday\u2019s rebound from the retracement zone has put buyers back in control, but the 50-day moving average near $32.60 remains a ceiling. A clean break above this level would target the recent high at $33.70. If silver fails to reclaim that zone, the metal risks being rangebound while gold pushes higher.<\/p>\n
The Fed\u2019s policy decision on Wednesday is a key event for metals traders. While rates are expected to remain unchanged, any dovish tilt in the updated economic projections or Fed commentary could spark renewed interest in silver. However, silver-backed ETFs have yet to show meaningful inflows, unlike their gold counterparts, reflecting broader investor caution.<\/p>\n
Silver may continue to rise alongside gold on dollar weakness and rate-cut speculation, but it\u2019s unlikely to lead. With strong central bank demand concentrated in gold and the gold-silver ratio trending higher, silver\u2019s upside remains capped unless fresh catalysts emerge. Technicals point to further gains if $32.60 is cleared, but traders should expect silver to lag unless ETF demand or industrial support picks up meaningfully.<\/p>\n