Silver has held its ground near the $33.62 support level, yet its rally potential hinges on alignment with gold and reactions to tariff announcements. A significant resistance level at $34.59 remains in focus.

Market analysts stress the importance of this resistance level as it can dictate the trading strategy for many investors. Continued vigilance will be essential as traders assess potential price movements.

The interplay between silver and gold prices could ripple through the market, determining sentiment and trader strategies moving forward.