Likely lower targets include the 78.6% Fibonacci retracement at $67.08 and the 200-day moving average, now near $66.01 and rising. There is also a long-term uptrend line nearby. Together, those indicators identify a potentially strong support zone. It would be the first test of support near the 200-day average since June 2025, highlighting the significance of that price area if selling pressure accelerates.
Recovery Above Resistance Needed for Bullish Shift
Alternatively, if a decisive breakout above last week’s high triggers and it is sustained, a higher swing low will be established, improving the outlook for a bullish continuation. That would indicate a failed breakdown, which could lead to renewed upside momentum following the recent consolidation near support.
Key resistance is near the 100-day moving average, currently around $81.39. However, the recent lower swing high at $89.38 would need to be recovered for a bullish reversal signal of trend structure. Until then, silver remains at an inflection point, with price action around current support likely to determine whether the next significant move is a deeper correction or the beginning of a renewed advance.