Silver came within a whisker of making news highs, which is hardly surprising, as it has catching up to do relative to gold and is poised to embark on a major parabolic acceleration...
A break to $42 can’t be ruled out. Only new highs would determine the next move. And right now, we appear to be failing it...but we still expect gold/silver rally to continue into 2026.
We may have a support zone near the 50-day MA. A break under $46 would send us down towards $43 which may be our ultimate target. Silver needs to regain above $52.60 to suggest new highs.
Demand for silver far outpaces supply. But that didn’t stop a 6.1% decline this past week. Like gold, silver’s price rise has been dramatic and in need of a correction.
Despite it all, silver has surged 77% in 2025. But the more recent moves seem to be too much, too fast, too soon. Hence, profit-taking may be in order. Support is seen at around $43...
We finally just saw the big explosion of what we’ve been reporting on for the past few months, in terms of how the LBMA available silver inventory had gotten to dangerously low levels.
