Silver is trading around $38.05 per ounce, holding just above critical support levels near $37.75–$38.00, with a slight increase of about 0.09%. The technical setup shows a bullish channel with moving averages signaling upward momentum, although prices experience choppy, indecisive trading marked by small-bodied candlesticks. This indicates buyer pressure persists, but the market waits for a firm breakout. Bulls target resistance levels between $38.65 and $39.00, aiming for potential targets above $40.95. If silver fails to maintain support at $37.75-$36.55, a pullback toward $34.25 is possible.
 readings support a rebound from support, but traders stay alert for signals of reversal. This phase of hesitation, coupled with ETF inflows, reflects a balance between bullish enthusiasm and corrective pressure, making silver a tactical play amid ongoing volatility .
Gold is around $3,338 per ounce, reflecting a 0.20% rise. Gold navigates a corrective “Wedge” reversal pattern, suggesting a short-term bearish trend amid consolidation. Moving averages and indicators like MACD and RSI show a mild sell signal short term, but support near $3,320-$3,330 remains firm. A bounce from this support could drive prices toward $3,395-$3,405, marking a potential bullish breakout.
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A drop below $3,275 would trigger a deeper retracement toward $3,225 or lower. Gold’s movement reflects geopolitical and macroeconomic factors, including investor caution ahead of the US Federal Reserve’s Jackson Hole symposium and ongoing global uncertainties. Despite short-term fluctuations, gold’s medium-term outlook remains positive, with targets above $3,500. Gold demand rose in Q2 2025, driven by investment and ETF inflows despite weaker jewelry buying.
