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macroJun 4, 2026, 6:59 PM

Silver Rebounds from Weekly Lows but Holds Below 50-Day SMA

Silver (XAG) bounced off weekly lows near $72.47 and climbed above $74.00, gaining over 1.70%, as mixed market sentiment saw rotation out of tech stocks into other sectors amid ongoing Middle East tensions.

XAGUSD

Silver rose over 1.70% on Thursday, recovering from weekly lows of $72.47 to trade near $74.00. The rebound comes amid a mixed market mood, with investors rotating out of technology stocks into other sectors.

Despite the bounce, the metal remains capped below its 50-day simple moving average, suggesting bears still have a grip on the short-term trend. Ongoing Middle East conflict tensions continue to provide some safe-haven support, but the technical resistance limits upside momentum.

Source: FXStreet Forex News