{"id":440544,"date":"2026-10-21T16:40:05","date_gmt":"2026-10-21T09:40:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/silver-whipsaws-on-conflicting-us-iran-deal-reports-as-markets-hope-for-breakthrough-ahead-of-midterms-440544\/"},"modified":"2026-10-21T16:40:05","modified_gmt":"2026-10-21T09:40:05","slug":"silver-whipsaws-on-conflicting-us-iran-deal-reports-as-markets-hope-for-breakthrough-ahead-of-midterms","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/silver-whipsaws-on-conflicting-us-iran-deal-reports-as-markets-hope-for-breakthrough-ahead-of-midterms-440544\/","title":{"rendered":"Silver whipsaws on conflicting US-Iran deal reports as markets hope for breakthrough ahead of midterms"},"content":{"rendered":"
\n

Silver spiked to the upside yesterday after some positive news on the US-Iran
\n negotiations front. In fact, Al-Arabiya reported that Qatar And Pakistan
\n presented a “compromise proposal” that met the demands of both the
\n American and Iranian sides and that the Pakistan Army Chief carried a proposal
\n with US and Iran approval. The new proposal also included partial response to
\n Iran’s frozen funds demand.<\/p>\n

The market cheered initially as expectations of an imminent deal grew stronger
\n but then reversed after a diplomat involved in US-Iran talks said that
\n negotiations continue and that reports of a deal being close were wrong.<\/p>\n

Nevertheless, the markets retain some hope given the sudden increase of positive
\n reports and the proximity to the midterm elections. Trump might want to secure
\n at least a short-term deal to bring energy prices and Treasury yields lower,
\n while boosting the stock market. <\/p>\n

If we do get a breakthrough, we can expect silver to rally in the
\n short-term on easing inflation and rate hike concerns.<\/p>\n

Another potential catalyst could be the US Flash PMIs data on Friday. Given
\n the recent growth concerns, a disappointing report could strengthen those fears
\n and lead to a drop in long-term Treasury yield, likely supporting silver in the
\n short-term. Strong data, on the other hand, could quell the concerns and put
\n some pressure on silver as real yields will likely rise. <\/p>\n

\u00a0<\/p>\n

SILVER TECHNICAL
\n ANALYSIS \u2013 DAILY TIMEFRAME<\/p>\n<\/p>\n

On the daily chart, we can
\n see that silver<\/a>rejected the trendline as the
\n sellers stepped in to position for a drop into new lows. We can expect the
\n sellers to continue to lean on the trendline, with a defined risk above it, to
\n keep pushing into new lows. The buyers will need a break above the trendline to
\n open the door for new highs and target a correction into the next trendline
\n around the 62.00 handle. <\/p>\n

\u00a0<\/p>\n

SILVER TECHNICAL ANALYSIS \u2013
\n 4 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 4 hour chart, we have
\n an upward trendline defining the recent pullback. We can expect the buyers to
\n lean on the trendline, with a defined risk below it, to position for a rally
\n into the next major trendline around the 62.00 handle. The sellers, on the other
\n hand, will look for a break lower to increase the bearish bets into new lows,
\n with the 54.75 level as the first target.\u00a0\n <\/p>\n

\u00a0<\/p>\n

SILVER TECHNICAL ANALYSIS \u2013
\n 1 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 1 hour chart, there\u2019s
\n not much we can add here as the buyers will have a better risk to reward setup
\n around the upward trendline, while the sellers will look for a break to extend
\n the drop into new lows. The red lines define the average daily range<\/a> for today.<\/p>\n

UPCOMING CATALYSTS<\/p>\n

On Thursday<\/a> we get the latest US Jobless Claims figures, while on
\n Friday we conclude the week with the US Flash PMIs.<\/p>\n

This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Silver spiked to the upside yesterday after some positive news on the US-Iran negotiations front. In fact, Al-Arabiya reported that Qatar And Pakistan presented a “compromise proposal” that met the demands of…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-440544","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=440544"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440544\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=440544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=440544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=440544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}