Silver prices remained steady on Tuesday, hovering around the $28.22 mark as traders exercise caution ahead of significant economic data that could impact the metal’s short-term trajectory. Market analysts are closely watching key factors such as U.S. inflation data, Federal Reserve rate cut expectations, Treasury yields, currency market dynamics, and seasonal demand from India and China for insights into silver’s future price movements. The $28.22 level is identified as a crucial pivot point, with a breach potentially signaling either a bullish rally towards $30.19 or a bearish drop towards $26.47. The upcoming U.S. Consumer Price Index report and Federal Reserve meeting are expected to be pivotal events that could determine silver’s direction. Market observers advise monitoring daily closes and volume patterns around the $28.22 level for trend identification, noting that silver prices are likely to experience volatility in the near future amid ongoing economic uncertainties.