Commodities
Weaker Dollar Boosts Silver Price Near $64 Resistance
Silver prices have stabilized near the $63.99 resistance level, benefiting from a weaker US dollar and increased demand.
The US dollar's decline has made silver more attractive to international buyers, leading to increased investor interest in the metal.
Strengthening US manufacturing data also points to improved industrial demand prospects for silver, supporting positive sentiment as it approaches the $64 resistance level.
Technical signals indicate strong bullish momentum in the short term, with a price range of $62.24 to $65.36 expected over the next two to three trading sessions.