Silver Retreats From Key Resistance Level Amid Dollar Strength

Silver's price has retreated from the $67.00 resistance level after facing sellers at this key area.

The metal is currently trading below this hurdle, with immediate support seen near $65.50 and then $64.00, while a decisive break above $67.00 could open up the possibility of a test of the $68.50 region.

The price action in silver is being influenced by various factors, including US dollar strength, Treasury yields, and shifting expectations around Federal Reserve policy. A firmer dollar typically makes dollar-denominated commodities like silver more expensive for foreign buyers, exerting downward pressure.