Silver Technical Analysis
The silver market has rallied a bit after gapping lower to kick off the trading session on Thursday, as we continue to try to find some type of momentum to the upside. Quite frankly, we’ve been sideways for a while, and it is worth noting that interest rates have dropped a little bit during the session on Thursday for the United States, and that does help silver.
The 50-day EMA and the 200-day EMA indicators are both relatively flat, and with that, it suggests that we’re probably staying in a range for a while. Longer term, I am bullish on silver. There is a huge amount of demand out there when it comes to silver helping the electrification process of the global economy. Furthermore, we have situations around the world where silver just isn’t being extracted in the quantities necessary to satiate demand.
We Saw a Little Glimpse of What It Can Do in Early 2026
So, with all of that being said, I do like silver longer term. We saw a little glimpse of what it can do in early 2026, but interest rates rising the way they have continues to be a major headwind. I think, at this point in time, it’s more likely than not that we see this market go a bit sideways.
The $70 level above is an area I’m looking at in this market as a potential ceiling. So I’ll be watching that, just as I’ll be watching the $60 level for a potential floor. Currently, we’re right around $66, pretty close to fair value from everything that I can see.
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