Silver may trade at $58-$61 as dollar, yields weigh
In short
Silver is likely to stay between $58 and $61 for now, according to a market summary citing Mirae Asset. The note says $60 is a nearby resistance level and $64.50 is a bigger hurdle.
This matters for traders watching silver prices and dollar moves. The source does not say how long this range will last or what could change the view.
What the reporting says
Silver is likely to range trade between $58 and $61 in the near term, according to a Business Standard Markets summary citing Mirae Asset. The summary says interim resistance is at $60 and a major hurdle is at $64.50, with the dollar and yields weighing on prices. What remains unknown is the time frame for the call and whether the forecast proves correct.
Why it matters
Silver is expected to trade in a $58 to $61 range in the near term, based on a Business Standard Markets summary citing Mirae Asset. The note flags $60 as interim resistance and $64.50 as a major hurdle, while saying dollar strength and yields are weighing on the metal. The exact horizon and the trigger for a breakout are not stated.