Silver market September expectations and critical levels
In the silver market, suppressed by the Fed's interest rate policies and global risks, experts are warning against potential trend reversals throughout September.
While global risks, tensions in the Middle East, and expectations regarding the US Federal Reserve's interest rate moves are causing a volatile course in the silver market, the spot price is trading around $63.70, and potential trend changes are expected in September.
Causes of general fluctuations in the markets
Expectations regarding the US Federal Reserve's interest rate moves and increasing global risks are causing the volatile course in the silver market to persist. Following the Jackson Hole meeting, the probability of an interest rate hike has strengthened.
Technical levels for spot silver
In international markets, spot silver finds buyers around $63.70. In downward movements, supports are monitored at $61.50 and $60, while resistances at $65.50 and $68.50 stand out in potential recoveries.
Impact of India tax allegations
Allegations that the Indian government might reduce the import tax on gold and silver created short-term activity on the MCX. In the absence of an official statement, prices returned to the premium zone.
Technical warnings for September
According to technical assessments, the period of September 1-3 is being monitored in terms of a short-term bottom formation. The date of September 28, 2026, associated with the historical 360-day cycle, also stands out in the market.