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Silver Price Outlook – Silver Continues to Watch the $60 Level
Updated: Dec 8, 2025, 14:16 GMT+00:00
Silver trades noisily early Monday as it consolidates just below $60, with traders watching for momentum to drive a breakout. Pullbacks remain favored buying opportunities, while upside targets extend toward $62.50 amid limited known resistance.
Silver Technical Analysis
The silver market has gone back and forth during the trading session here in the early hours of Monday as we continue to consolidate just shy of the $60 level. This does make a certain amount of sense because, quite frankly, if we are going to break out to the upside, we will need to build up the necessary momentum to make that move. Short-term pullbacks, I think, are still buying opportunities, although, truthfully, I’d prefer to see silver pull back towards the $55 level, where I think there will be a lot of interest, mainly due to market memory and the fact that that was basically where we had broken out of.
So, I am looking for that, but I also recognize that silver is a very impulsive market under the best of circumstances. So it is possible that it just shoots straight up in the air. That could be a thing as well. So, with that being the case, it’s a one-way trade. think pretty much everybody knows that. You’d have to be very reckless to start shorting silver.
Silver Is Overheated
But I also recognize that moves like this, sooner or later, might be much later, the way things are going, end in tears. But right now, this is clearly a buy on the dip market. We are consolidating, and we are trying to figure out whether or not we can make the next push higher. If we can, then that probably opens up $62.50 or so; really, there’s nothing to measure. There’s no resistance barrier above that we know of other than the usual large, round, psychologically significant figures. But that’s probably what you’re to have to use the guide where you’re aiming for if you do in fact find yourself buying.
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About the Author
Christopher Lewisauthor
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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