Silver’s Rally Stalls as Key Support Level Tested

The silver market is experiencing a pronounced pullback, with prices retreating significantly after a powerful upward surge. A combination of profit-taking following recent record highs and growing uncertainty surrounding U.S. monetary policy and geopolitical tensions is applying clear downward pressure in the near term. Market participants are now questioning the potential depth of this ongoing correction.

Beyond technical factors, broader economic themes are shaping market sentiment. All eyes are on upcoming U.S. employment data, a critical indicator for the future policy path of the Federal Reserve. Should the figures prove too robust, expectations for a more restrictive monetary stance could strengthen. This scenario tends to weigh on non-yielding assets like silver, as higher interest rates enhance the appeal of alternative investments.

Simultaneously, geopolitical friction is dampening market mood. Reports concerning new U.S. sanctions legislation against Russia have introduced additional uncertainty. While silver is often viewed as a safe-haven asset during turbulent times, the current impulse appears to be a flight to liquidity, resulting in capital outflows from the sector.

Profit-Taking Emerges Following Record Run

The market is now in a distinct counter-move. After touching new peaks, broad-based selling emerged in early trading. Traders describe this as a classic "sell-the-news" reaction, where participants cash in on substantial gains accrued during the preceding rally.

Pressure is particularly evident in the futures markets, where long positions are being unwound on a considerable scale. This liquidation has triggered technical sell signals, further accelerating the intraday downtrend. The spot price dropped by more than 2.7% at its low and is now oscillating near a crucial support zone.

Should investors sell immediately? Or is it worth buying Silber Preis?

Key developments include:
- A sharp correction materializing after record highs
- Widespread profit realization, notably in futures markets
- Technical indicators amplifying downward momentum
- Immediate focus on a pivotal support level

Technical Perspective: Critical Zone Under Scrutiny

From a chart analysis standpoint, the short-term outlook has deteriorated. Several key levels are now in focus:

• Support: The area around $75 serves as a central holding zone. A decisive and sustained break below this mark could pave the way for a move toward $72.30.
• Resistance: On the upside, the next significant barrier lies near $78.50. Only a re-entry into this region would meaningfully counter the recently dominant downward momentum.
• Volatility: Trading ranges remain wide. Intraday swings of several percentage points, including sharp pullbacks across international trading venues, underscore the prevailing market nervousness.

Outlook: Near-Term Caution, Medium-Term Uncertainty

Silver is navigating a challenging consolidation phase. In the short term, the narrative is dominated by profit-taking and ambiguity over the Federal Reserve's next moves, with geopolitical news reinforcing investor caution.

The decisive factor now is whether the $75 support zone can hold. If this area remains intact, a stabilization and subsequent easing of volatility is possible. Conversely, a clear breakdown would extend the ongoing correction and further weaken the technical picture.