Silver Price Stalls at $62.00 After Two-Day Rally

Silver's recent two-day rally has stalled at $62.00, with investors assessing whether the momentum can carry the metal to new highs or if a corrective pullback is due.

The $62.00 level has emerged as a key resistance zone for silver, where profit-taking and technical selling have capped further gains.

A stronger US dollar has been a headwind for dollar-denominated metals, making them more expensive for foreign buyers, while persistent inflation concerns and central bank buying have provided underlying support.

From a technical perspective, silver is trading just below the $62.00 resistance, with immediate support seen at the $60.50, $61.00 area.