Gold, Silver, DXY Outlook: Key Scenarios to Watch

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Gold and silver technical analysis points to one driver, the U.S. dollar index breaking below the uptrend line that held all year.

Razan Hilal, StoneX Media Market Analyst, walks through the gold, silver, and U.S. dollar index charts and sets out what confirms the metals move and what breaks it.

The U.S. dollar index has slipped below the line connecting its higher lows through 2026, though a far older channel dating back to 2008 still sits beneath it. Silver is retesting from above the multi-month resistance it broke, and momentum holds above neutral on the six-month, monthly, three-day, and daily charts.

This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by Forex.com.

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