Naveed Iqbal
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Silver is trying to break a difficult selling trend and return to a long-term buying trend, but the chart shows a significant ceiling that could hold the market down.
After months of relentless selling, lithium is making a comeback, with its price in China's primary index rising to CNY 91,700 per tonne, though a steep monthly drop suggests the recovery is tenuous.
As gold prices retreat from $4,000, the safety index is coming.
Prices for silver dipped below $50 per ounce on October 31, continuing a steep decline through the month.
The top-of-the-queue decision from the Fed on Oct. 28 will be the main trigger, and interest-rate expectations will likely be a factor in the dollar, Treasuries, and precious-metal demand.
Traders are looking to test the lows as the momentum slows and major support levels present themselves, and then whether the selling pressure will persist or turn to a rally before the end of December.
On Oct. 20, gold prices continued to be pressured as three charts indicated prices were around $4,120 to $4,133.
The price of Hedera (HBAR) is returning to $0.08275, a major technical support level, amid bearish pressure.
Lithium prices pulled back as the Chinese carbonate price took a hit from its 2026 highs.
Gold has come back from the 2026 highs to about $4,156 per ounce, where a vital support zone is now coming into view.
