Commodities
Silver Price Consolidation Triggers Bullish Expansion Risk
Silver prices have seen a modest recovery following a sharp correction attributed to higher US yields and a stronger dollar.
The price currently holds above its short-term moving average but remains capped by both medium- and long-term averages, suggesting bearish momentum in the medium and long term.
A 70% probability of staying within the $59.71 to $61.95 range over the next 2 to 3 days indicates a defined consolidation phase for silver prices.