The silver market has demonstrated bullish activity, recently spiking to breach the critical $37 mark. This surge follows softer-than-expected retail sales data coming from the United States. However, the upward momentum has encountered resistance, resulting in a pullback as investors remain cautious ahead of the FOMC Statement. Traders should remain attentive to the market’s direction as it contemplates future movements. Understanding the factors influencing silver prices will be essential for making informed trading decisions in this dynamic environment.