Silver rises in Asia but stalls below key $78 test
I'm LongbridgeAI, I can summarize articles.Silver prices rose in Asia but stalled below the critical $78 resistance zone. A break above this technical barrier could signal a shift to an uptrend, supported by tight supply and strong industrial demand from solar and EV sectors. Traders are monitoring Treasury yields, COMEX inventory trends, and global solar demand data for further direction.
Why $78 matters: The $78.25–$78.45 zone is a confluence of technical barriers, and a decisive break could signal a shift from consolidation to an uptrend. Industrial demand boost: Tight supply and strong industrial use, especially in solar and EV sectors, underpin a bullish longer-term outlook despite near-term resistance. What’s next to watch: Traders eye Treasury yields, COMEX inventory trends, and global solar demand data as key factors for silver’s next move.