Silver is fighting to reclaim $69 after a near 3% bounce, yet the metal trades 45% below its January record and sits at a level that will decide its next major move.

The rebound tracks easing Middle East tension as a days-old US-Iran ceasefire holds. However, a stronger dollar and a cautious Federal Reserve keep pressure on precious metals, leaving silver caught between recovery and a deeper slide.

Why Kiyosaki Is Watching Silver but Not Buying Yet

Silver (XAG) climbed to around $66.7 on Monday, up close to 2.8% on the day. The move followed a ceasefire that drained the safe-haven demand that had earlier powered metals.

Robert Kiyosaki, author of Rich Dad Poor Dad, said this week that he is waiting before adding to gold, silver, Bitcoin (BTC), and Ethereum (ETH). He argues that the macro environment, not falling prices, signals when to buy.

Kiyosaki gave no price target and no timeline. That leaves one question for traders. What would a genuine reversal look like on silver’s chart?

The Make-or-Break Level at $68.88

On the four-hour chart, silver has slipped below the 0.618 Fibonacci retracement at $68.88 and is fighting to win it back. The level marks the pivot for the next leg.

Independent analyst Kamile Uray flags $63 as the support that has held so far. A break above $71 would open the door toward the $77 to $89 resistance zone.

A close back above that band would suggest the rebound has more room. Until then, the metal stays trapped between $63 support and $71 resistance.

XAG Price Prediction Hinges on the $68.88 Line

The daily chart shows silver in a clear downtrend since January. It has printed successive lower highs near $96 and $89 and matching lower lows.

The price now sits about 45% below its $121.76 record, a sign the correction is widening. The Relative Strength Index (RSI) has ticked up near 40 but stays below the neutral 50 mark.

Reclaiming the retracement at $68.88 would shift focus to $79, then to the $89 resistance band. Losing it points toward $55, the 0.786 level that aligns with long-term support.

That makes $68.88 the line Kiyosaki’s awaited reversal must clear. A weekly close above it would signal the turn, while a rejection keeps the bearish structure intact.

For now, the trend favors sellers until silver proves it can hold above that mark.

Источник: BeInCrypto