Based on the current technical setup, silver prices are exiting the $72.5–$86 range, within which they have traded for about three weeks since late January. Notably, quotes have not just breached the channel’s upper limit but have also successfully retested it as support—rebounding from this level once again. This price action suggests that silver has strong potential to continue its rally toward the $96.50 target.
Momentum indicators confirm a bullish scenario. The Relative Strength Index (RSI) is positive, flying above the 50 threshold and making it clear who is winning the tug-of-war. With the overbought zone left behind, there is ample room for further upside.
The Moving Average Convergence/Divergence (MACD) is sitting firmly above the signal line, also hinting at a sustained uptrend.
Fundamental factors are on buyers’ side as well, creating a supportive environment for the bullish scenario to materialize. Let’s take a closer look at some of them:
First, the silver market has been grappling with a structural deficit for several years, as global consumption consistently outpaces current production levels. This supply-demand imbalance is expected to intensify over time.
Second, the exchange situation has worsened, with registered silver stocks falling sharply in recent years.
Third, the burning tariff issue and tense geopolitical environment strongly support precious metals and commodities. Investors view silver not only as a key industrial asset but also as a reliable safe haven during periods of uncertainty, driving additional capital into the market.
The overall recommendation is to buy silver at current levels, targeting $96.50 within the next ten days. For risk management, place a Stop Loss order just below the $85.80 support level.
This content is for informational purposes only and is not intended to be investing advice.
