Gold and Silver Sit on Support With a Steep Drawdown Below
The gold and silver outlook stays bullish while U.S. Treasury yields and the U.S. dollar index pull back, keeping the July rebound intact.
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The gold and silver outlook stays bullish while U.S. Treasury yields and the U.S. dollar index pull back, keeping the July rebound intact.
Razan Hilal, StoneX Media Market Analyst, explains how falling yields, a softer dollar and critical support zones shape the setup on both metals. Bearish divergence on the 10-year U.S. Treasury yield and a U.S. dollar index retreat from an eight-month resistance line support gold and silver as Federal Reserve hold expectations build.
Gold holds a former multi-year resistance turned support, while silver holds a confluence zone at its July lows, and both levels define where the bullish setup is invalidated.
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