Silver prices are poised for a significant movement as industry insiders watch key economic indicators closely. Recently, silver has not shown typical correlation with other major assets, including gold. This behavior could mean that silver’s price actions are based more on its own technical signals rather than macroeconomic factors.

Currently, silver is sandwiched between downtrend resistance and uptrend support levels. With the November non-farm payroll release fast approaching, market observers believe a decisive shift in silver’s pricing could provide valuable medium-term directional insights.

The upcoming economic announcements could catalyze volatility in the silver market, making it a watchpoint for traders and investors alike who are looking to capitalize on potential movements.