Neutral impactCommodity
Silver may trade at $58-$61 as dollar, yields weigh, says Mirae Asset
Business Standard 1 hr ago·9 Oct 2026, 7:16 am
Silver prices are expected to trade within a specific range over the coming period. Analysts project the precious metal will fluctuate between $58 and $61 per ounce, with $60 acting as a key interim resistance level. This forecast is driven by the current strength of the US dollar and elevated US Treasury yields, which typically make dollar-denominated commodities like silver more expensive for foreign buyers.
For investors, this range-bound outlook suggests a period of sideways movement rather than a clear directional trend. The major hurdle for silver remains at $64.50, a level that could signal a shift in market sentiment. Traders should monitor the interplay between the dollar and yields, as these factors are the primary drivers of silver's current price action.
Key takeaways
- Category: Commodity.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. Use the price and stock snapshot to gauge how the market is responding.
