Silver Price Analysis – Silver Starting to Build a Floor

Silver continues to search for a bottom after last Friday’s wipeout. Although prices are stabilizing, caution remains warranted in this volatile market.

Silver finds support near $80 and the 50‑day EMA

The silver market rallied slightly during early Tuesday trading as the $80 level — and the 50‑day exponential moving average — provided support. Traders see short‑term dips as buying opportunities as the metal tries to grind back toward the $100 mark. However, analysts caution that a slow and steady advance would be healthier than the impulsive behaviour seen previously.

Source: TradingView

Market scenarios and recovery outlook

Possible retest of $50 underscores caution

There remains a distinct possibility that silver could fall below $70 and retest $50, a level that served as a ceiling for decades. The market broke out above $50 without retesting it, so some traders are watching for a pullback to that region.

Last Friday’s dramatic candlestick has left the market scarred, and confidence may take time to rebuild. Wide stop losses and smaller position sizes are advised to manage risk: the last thing you want is to be caught in another large move and see your account evaporate. Despite the uncertainty, the recent stabilization represents a promising start to a potential recovery.