Conversely, should we witness a breakdown below the moving averages, there is a potential downside towards the $22 level, which previously served as a rebound point following lower-than-anticipated inflation figures in the United States. This implies that there remains optimism among market participants concerning the Federal Reserve’s potential adoption of a more accommodative monetary policy. The long-term outcome remains uncertain, and it’s essential to note that thesilver markettypically exhibits a negative correlation with the US dollar, a factor that demands attention.