Silver prices fell 2% during Wednesday’s trading session, trading near their lowest levels since November 24, 2025, at $57.65 per ounce.

Scenario 1:

Silver is currently hovering near the daily pivot point of $57.67, if it manages to hold below this level, the decline could extend toward the next support levels at $55.58 then $53.95.

Scenario 2:

If silver prices rise above the daily pivot point at $57.67, they may test the first resistance level at $60.23. It should be noted that if the price holds above this level, it could push the white metal toward further gains, heading toward the second resistance level at $62.00.

Top News:

Markets are now awaiting the release of key U.S. economic data later today, including the ADP Nonfarm Employment Change report and the ISM Manufacturing PMI.

Investors will closely monitor the employment figures for fresh signals on labor market strength, while the manufacturing survey is expected to provide further insight into the health of the U.S. industrial sector.

The results could influence expectations for the Federal Reserve’s monetary policy outlook and drive volatility across the U.S. dollar, Treasury yields, and precious metals markets.