Silver Price Analysis – Silver Continues to Hang Around Crucial Big Figure

Silver Technical Analysis

The $70 level in the silver market seems to be a bit of a magnet for price, and it is worth noting that we’ve seen the precious metals markets somewhat stall out here over the last couple of days, which makes sense after jumping straight up in the air originally.

The market, of course, is paying close attention to the Middle East, and we are trying to figure out exactly what the MOU will end up being. It’s a framework for the Iranians and the Americans to achieve some type of lasting peace.

Macroeconomic Pressures and Support Levels

Quite frankly, silver is a metal that I think has much further to go to the upside eventually, but we need to get interest rates under control and more risk appetite out there to take advantage of that.

After all, the supply of silver is nowhere near enough to satiate demand, and, of course, we had seen a massive run in silver before all of this, but I think the market had to work off some of that froth, so you’ve had two different things going on at the same time.

You’ve had the war fears, of course, which would move the interest rate markets pretty significantly, but at the same time, you just had to work off some of that excess that we had seen in the silver market late 2025 and into January of 2026.

Ultimately, I do like buying dips in the silver market as long as we can stay above the $60 level. For me, it looks like the $60 level is trying to be a significant support level. If we give that up and start breaking below there, this is a market that could come undone completely.

I do like the idea of buying the dips as things stand right now, but I recognize that silver is more or less being held hostage by the negotiations in the Middle East at the moment.

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