Positions as of 6 October, 2026
Major support is at $50. We’d be surprised if we fell that low. Ideally, either gold or silver makes new lows but the other one doesn’t. That divergence would signal a potential bottom.
Positions as of 29 September, 2026
For silver, the danger point is a drop under $58. The upside remains elusive, but we need to break above $72 before we’ll feel more comfortable.
Positions as of 22 September, 2026
Silver needs to break above $106...For silver, remaining above $62 is positive but if we break under $60 then all bets are off.
Positions as of 15 September, 2026
The silver chart continues to look bullish. We may have completed a five-wave decline from the January high in an ABCDE type of pattern.
Positions as of 8 September, 2026
For silver, we stalled near the 200-day MA, so we now need a firm break above $72 to suggest higher. Above $106 new highs are possible.
