INSUBCONTINENT EXCLUSIVE:
Silver prices opened June 30, 2025, at $36.18 per ounce, extending a 22.8% year-over-year rally as the metal remains in focus amid
persistent supply constraints and robust industrial demand.According to official price data, silver gained 0.55% over the last 24 hours,
despite heightened volatility and a recent pullback from its 13-year high reached earlier in the month.The last trading day saw silver
fluctuate within a tight range, with prices testing resistance near $36.20 and support at $35.65
Market participants observed increased caution as geopolitical tensions in the Middle East persisted, and the US dollar remained
weak.Despite these macroeconomic uncertainties, investors did not aggressively move into silver as a safe haven, instead opting for
2025, marking the fifth consecutive year of shortfall
Industrial demand, especially from the solar energy and electronics sectors, continues to surge.Silver Price Consolidates as Technical
Indicators Signal Potential Breakout
trend, with silver funds attracting more capital than gold for three consecutive months, according to official mutual fund data
histogram remains close to the zero line, signaling a lack of strong momentum in either direction, while the RSI hovers near 52, suggesting
neither overbought nor oversold conditions.On the daily chart, silver trades well above its long-term moving averages, maintaining a clear
The MACD has turned slightly negative, indicating a pause in momentum after the recent rally.The RSI, now at 57, has retreated from
overbought territory, showing that the market is digesting gains but not reversing
Key support lies at $34.99, with resistance at $36.83.The technical structure implies that the market awaits a catalyst for its next move,
with a breakout above resistance potentially targeting the $38 level, while a break below support could trigger a deeper correction.Volume
analysis over the past day shows no significant spikes, supporting the view that the market is consolidating rather than trending strongly
market balancing strong industrial fundamentals against short-term profit-taking and macroeconomic uncertainty.The technical setup points to
a potential breakout, but traders remain cautious, watching for further developments in global trade and geopolitical risk.The narrative
remains grounded in hard data: industrial demand outpaces supply, investment flows persist, and technical signals suggest a market poised
for its next decisive move.
