Selling Pressure on Silver Intensifies: Critical Support at $54.48

Silver prices have fallen to the $55 threshold, breaking below critical support levels, despite expectations that the global market will face a supply deficit for the sixth consecutive year in 2026. The decline was driven by concerns that rising oil prices could reignite inflation and push the U.S. Federal Reserve (Fed) toward tighter monetary policy. Supply constraints in India and signs of a recovery in investment demand stand out as factors supporting silver's long-term outlook. However, if selling pressure persists in the short term, technical analysts are watching the $54.48 level as a key support point. Market participants are closely monitoring the impact of the Fed's upcoming interest rate decisions and oil price trends on silver. Despite the anticipated supply deficit, macroeconomic factors appear to be more decisive in pricing. This is not investment advice.