Silver Stuck Near $60 as Market Awaits Catalyst

Silver prices have been stuck near $60, but momentum remains unclear in this market. According to Christopher Lewis, a technical analyst and market commentator at DailyForex, the metal's price action continues to favor a defined range.

This range has been playing out between $55 and $65 for some time now, with silver consistently circling the same zone. The $60 area is acting more like resistance than a magnet for fresh buying, which helps explain why silver continues to languish despite traders looking for a cleaner trend to emerge.

The bigger issue may be that silver is being pulled by several competing narratives at once. Geopolitical tension can quickly alter sentiment, especially with the Middle East remaining a source of unpredictable headlines, while growth worries raise a different question entirely: whether industrial demand can stay strong if the global economy loses pace.