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Silver (XAGUSD) — Rejection at Resistance, Consolidation in Play
Market Overview: Silver is currently showing a neutral to slightly bearish short-term trend after facing strong rejection near the 75–76 resistance zone. Price is now consolidating, indicating loss of upward momentum and a potential corrective phase. 📉 Market Structure Trend: Neutral → Slight Beari
USD weakens, gold rebounds, oil falls below 100 USD as markets begin pricing Middle East de-escalation hopes
The Forex market on May 7, 2026 showed a notable shift in investor sentiment as capital flows gradually moved away from defensive positioning and began reflecting expectations of easing tensions in the Middle East. After weeks of “risk-off” trading driven by the US–Iran conflict, m