XAGUSD | The price may be on the verge of a breakoutSilver/US DollarSAXO:XAGUSDInvestoConsultingSilver (XAGUSD) is currently trading roughly midway between its 50-day and 200-day moving averages. Price action in recent weeks has shown a more bearish trend, following a more significant rally earlier on. Rising commodity prices driven by geopolitical conflicts, along with the resulting inflation concerns, have also put pressure on the precious metals market. In a persistently high-inflation environment, the likelihood increases that central banks may delay or suspend interest rate cuts. At the same time, I expect geopolitical tensions to ease, which could create a more favorable environment for silver and may lead to another upward move in the near term. It is important to emphasize that this is a personal opinion.