general assessment of the silver market as it strongly rebounds in the past week
Long-term trend (2025-2026): Extremely bullish due to industrial demand (solar, EV), supply shortages, and silver typically "leverages" more than gold (gold/silver ratio is significantly compressed). From around ~30-40 USD at the beginning of 2025 to >120 USD is a historic bull run.
Short-term: Currently correcting after being overbought (peak in January), testing support at 80-85 then rebounding. If it holds above 85-86, it could continue to rise to 90-100+. If it breaks below 80, there is a risk of dropping to 70-75 USD.
Currently: Prices are stabilizing around 87-88, with lower volatility, showing signs of consolidation before the next move.
Overall, the trend still leans towards medium to long-term growth, but short-term is likely to experience strong volatility (it may drop further to "breathe" before rising higher). If you trade, pay attention to the 85 zone (support) and 90 (near resistance).$XAG
