Silver Dips to $91 But Still Shines: Why This Pullback Might Be Your Buying Opportunity copertina

Silver Dips to $91 But Still Shines: Why This Pullback Might Be Your Buying Opportunity

Silver Dips to $91 But Still Shines: Why This Pullback Might Be Your Buying Opportunity

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This is your Daily Silver Price Tracker with Vanessa Clark podcast.

Hey friends, welcome back to Daily Silver Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the latest on silver prices, whats driving the market, and some smart tips to help you navigate this wild ride.

Right now, silver is trading at around $91 per troy ounce, down a bit about half a percent from yesterdays close near $92. FXStreet data shows its at $91.50, while other spots like Kitco and USA Gold peg it closer to $90.60 to $90.80 after some profit-taking. Despite the dip, silver is up a massive 28 percent since the start of the year, and were eyeing a strong weekly gain of around 13 percent after hitting all-time highs above $93 earlier this week. The gold-silver ratio is hovering near 50.5, suggesting silver might still have room to catch up if it holds above that key $90 pivot.

Why the pullback? Strong US economic data boosted the dollar, dimming Fed rate-cut hopes and sparking some selling. But dont sweat it, this metal is on fire long-term thanks to booming industrial demand from solar panels, electronics, AI, and EVs. Investing.com notes silver is trading more like a critical strategic metal now, fueled by supply chain shifts and geopolitics, not just inflation. Even with some Chinese solar makers eyeing substitutes at these highs, demand from electrification and India stays resilient, with coin sales surging there.

Heres your takeaway: If youre stacking silver, watch that $90 support level. A bounce above $91 could signal more upside toward $92 or higher. Consider physical bars or coins for diversification, or ETFs if you prefer liquidity. Keep an eye on dollar moves and industrial news, as they could push prices back up fast.

Thanks for tuning in, friends. Subscribe, share with a buddy, and catch you next time on Daily Silver Price Tracker!

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