A Falling Dollar Handed Silver a 33% Rally, but One Level Now Decides Everything

Silver (XAG/USD) price is up 7.2% over the past week, erasing nearly all of its monthly losses. The metal now trades near $79.50 after rallying 33% from its March 23 low. The recovery aligns with a falling US Dollar Index (DXY) and improving ceasefire sentiment. However, silver remains trapped inside a bearish channel that has