Silver Sinks as Fed Hike Bets and High Crude Prices Bite

Silver price outlook weakens as Fed rate hike bets top 70% and a risk-off tone drives silver to its most oversold daily reading since 2023. Razan Hilal, StoneX Media Market Analyst, breaks down the technical picture for silver and the Dow Jones as risk-off sentiment spreads across markets. Silver's daily RSI is testing oversold conditions last seen in 2023, with price approaching a nine-month support line that connects lower lows since February. Rising December rate hike expectations on the CME FedWatch Tool, alongside elevated crude prices and political uncertainty around Israel's election and the U.S. midterms, are weighing on gold and silver. The Dow Jones Industrial Average is also pulling back, testing Fibonacci retracement levels of its October advance that separate a near-term buying setup from a broader bearish shift. Deeper on the chart, the golden 61.8% Fibonacci retracement of silver's long-term advance aligns with a multi-decade trendline through the 1980s, 2011 and 2025 highs, forming a historic confluence zone. 00:00 - Fed Hike Bets Rattle Metals 00:27 - Fed Hike Odds Top 70% 01:06 - Silver Hits Oversold Extreme 01:49 - Silver's Golden 61.8% Zone 02:24 - Silver's Bull or Bear Line 03:27 - Dow Tests Its Fibonacci Floor 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_razan_hilal&utm_content=share Like and subscribe for more financial market insights. #Silver #StoneX #RazanHilal #Gold --------- 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