Silver: In Vain or In Vein?!

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Silver: In Vain or In Vein?!SilverCAPITALCOM:XAGUSDNovi_FibonacciPrice on XAGUSD visits a very opportune level after making a strong decline all 2026 thus far, lets break it down! XAGUSD made a strong bullish rally leading to a breakout of a previous level of resistance in November 2025, with multiple factors, one being the expectation of the Federal Reserve to be handing out Interest Rate Cuts in 2026 (weakening the USD, strengthening Commodities). With the announcement from President Trump in January 2026 that Kevin Warsh would be the appointed Fed Chair to replace Jerome Powell, this fed "hawkish" expectations of potential Interest Rate Hikes through the markets and aligned with the beginning of the deep decline we've seen XAGUSD in 2026. The breakout of the level made in 2025 has yet to be retested and XAGUSD is currently at this level! We will want to be vigilant and see if price is supported or if it is able to break back down below this Area of Value. Fundamentally, we have the Federal Reserve setting Interest Rates Oct. 28th with the expectation of a hold @ 4% (typically when rates are held, this can weaken the currency associated). There is always the element of surprise and they Hike which would strengthen the USD and potentially leading price on XAGUSD falling further!