Silver Technical Analysis
Silver Price Forecast
Every new Silver analysis as it publishes, today's technical signal and key levels, live price — on one page.
See all Silver forecastsThe silver market has found itself to be a little bit positive during the early part of the Thursday session as we continue to see a lot of back and forth. All things being equal, this is a market that is paying close attention to the interest rates out there. And as the 10-year yield has dropped a little bit over the last 24 hours, it does help silver rally a bit, as those rates dropping makes a non-yielding metal a little bit more palatable.
That being said, we should pay close attention to the fact that there are a lot of questions out there about supply and demand, as there will be a lot of demand for silver due to AI and electrification, as well as many other parts of the economy.
Support and Resistance Metrics
Ultimately, the 50-day EMA above offers a significant amount of resistance. And if we can break above there, then it’s possible that we could go looking to the $80 level. Below current trading levels, we have the $70 level as a bit of a support level, right along with the 200-day EMA.
All things being equal, this is a market that I think is pretty much in a form of stasis at the moment, and that does make sense considering that we have the jobs number coming out on Friday, tomorrow, and that will cause quite a bit of havoc in the bond market typically, and will throw silver around.
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