Commodities
Silver Bulls Target Break Above $70.00 Amid Mixed Technical Signals
Silver prices are hovering near $70.00 as bulls target a decisive break above this key level, but technical indicators remain mixed in mid-2025.
The precious metal has shown resilience in recent sessions due to firm industrial demand and a softer US dollar, but upside momentum has stalled as traders await a clear catalyst.
A sustained move above $70.00 could open the door toward the next resistance zone near $72.50, while failure to break higher may lead to a pullback toward the $68.00 support area.
The 14-day Relative Strength Index (RSI) is hovering near 55, indicating neutral momentum without overbought conditions, leaving room for further gains if buying pressure returns.