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Although spot silver has pulled back intraday, its safe-haven value remains prominent supported by the complex international situation. The ongoing Middle East geopolitical conflict, combined with uncertain global economic recovery expectations, has not diminished market demand for precious metals.
In the four-hour chart, the lower Bollinger Band at 84.986 provides strong support. The current pullback appears more like a consolidation before an upward move. Although the MACD shows a short-term death cross, the green bars have not significantly expanded, indicating a clear weakening of bearish momentum. If geopolitical risks escalate or the US dollar weakens, silver is expected to rebound quickly, break through the $90 level, and re-enter an upward channel.
Suggestions:
Intraday, consider buying in batches between 86.1-86.5, targeting 90.5 and 93$XAG