Silver closed at $30.59, holding the bullish $30.44 pivot. Can Fed policy shifts and China’s outlook drive a breakout above $31?
by James Hyerczyk
FX Empire
Why Did Silver Struggle to Break $31.00?
Silver prices closed last week at $30.59, up 0.80%, managing to stay on the bullish side of the $30.44 pivot, which now controls the market’s direction on the weekly chart. While the metal briefly traded above $31.00, it failed to sustain momentum, underscoring traders’ hesitation despite a supportive macro backdrop?.
The uncertainty stems largely from mixed signals in industrial demand. China, the world’s largest silver consumer, remains a focal point, with speculation about tariff reductions and infrastructure investments offering hope for demand growth.