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Finance

Silver price rebounds on weaker dollar, market eyes $84

Silver has rebounded 33 percent over the past three weeks, but an analysis says a shift in trend depends on breaking above $84.29. Silver has risen 7.2 percent in the past week and trades around $79.50 an ounce. A weaker dollar and softer inflation expectations helped support the move, while options indicators suggest fewer bearish bets and elevated volatility. Failure to clear $84 could keep prices rangebound.

Crypto

Bitcoin tries to break above $90,000; FOMC outcome key variable

Bitcoin is trying to break above the $90,000 resistance level, with the U.S. Federal Reserve’s rate decision seen as a key market variable, Cointelegraph reported. Markets are pricing in a near-certain hold in U.S. policy rates, and forecasts warn bitcoin could fall sharply if it fails to hold support around $80,000 to $84,000. A weaker dollar could support bitcoin, while $90,000 to $94,000 is cited as near-term resistance.