Is Silver Price Support Strong Enough to End the Selloff?

Silver price support is in focus after a 57% drop from the January peak, as an oil shock keeps inflation risks and bond yields elevated. Fawad Razaqzada, StoneX Media Market Analyst, explains why silver has slid into a major long-term support zone and what would mark a bullish reversal on the charts. Silver is trading near the base of the rally that began late last year, close to the level where it peaked in 2011. Elevated bond yields weigh on zero-yielding gold and silver, with gold about 30% below its all-time high, while central banks continue to add gold to their reserves. The long term demand case for silver rests on its use in solar energy, smartphones, laptops, AI data centers and electric vehicles. On the daily chart, silver is still making lower lows and lower highs, so a break above the short-term bearish trend line is the reversal signal in focus. 00:00 - Silver Slides Into Support 00:26 - Oil Shock Hits Gold and Silver 01:07 - Solar and AI Demand Case 01:22 - Silver Back at Its 2011 Peak 02:14 - Trend Line Break Is the Signal Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fawad_razaqzada&utm_content=share Like and subscribe for more financial market insights. #Silver #StoneX #FawadRazaqzada #Gold #PreciousMetals --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social