Silver

Silver is in a technical rebound from a deep multi-month correction off January's $121 all-time high, and a confirmed break above $60.00 — the key psychological round number — would open the path toward $65 and beyond.

Silver has bounced strongly off mid-$57 support and is now trading at $59.45, with the Iran ceasefire pause, a softer USD, and a steady Fed all supporting a move toward the $62–$65 resistance band.

Main Risk

US Nonfarm Payrolls — Friday, August 7

A strong NFP print above 200k could reignite Fed hawkishness expectations, lift the USD, and push silver back below the $57 support zone, invalidating the rebound thesis.