I recently took a look at silver's price movement, and XAG/USD rebounded from a 15-week low to $64.50, and this rebound has been quite significant. I’ve noticed that market reactions to this silver price trend are quite interesting; it feels like sentiment is gradually shifting.

From a technical perspective, the $65.00 level has now become a key resistance, with support around $62.80. The trading range has narrowed in recent days, and trading volume has noticeably increased during the rebound, indicating it’s not a false breakout. However, to truly stabilize, it still depends on whether it can break through that $65 hurdle.

Besides technical factors, macroeconomic elements also shouldn’t be overlooked. The US dollar has been relatively stable lately, which has helped silver’s rebound. Additionally, expectations around Federal Reserve policies are changing, which greatly impacts precious metal pricing. Industrial demand continues to support silver; consumption in solar energy, electric vehicles, and electronics remains steady.

The gold-silver ratio is currently near its historical average, so institutional allocation decisions are likely to adjust accordingly. I think the future movement of silver still depends on whether it can sustain this rebound. If trading volume remains strong, there’s still room for further gains. But risk management is important, as rate decisions and economic data can cause volatility. Currently, the short-term momentum looks good, so I’ll keep observing.