Silver Stalls at $62.00 After Two-Day Rally, Buyers Take Breather

Silver (XAG/USD) has stalled near $62.00 after a two-day rally, leaving investors wondering what's next for the precious metal.

The pause suggests that buyers are taking a breather while market participants assess whether the recent momentum can carry silver to new highs or if a corrective pullback is due.

The $62.00 level has emerged as a key resistance zone, where profit-taking and technical selling have capped further gains. Silver needs a strong catalyst to break above this level, such as a weaker dollar or renewed safe-haven demand.

Several factors are influencing silver's price action, including the US dollar's recent strength, which has been a headwind for dollar-denominated metals, and Treasury yields, which have edged higher, increasing the opportunity cost of holding non-yielding assets like silver.