Silver Reaches Record Levels
In October and November, silver formed two notable highs at nearly the same level, building the initial framework for a potential double-top formation. This pattern often signals a possible reversal in technical analysis. However, the market defied this scenario as silver prices broke above the previous resistance zone, invalidating the bearish outlook.
Break Above Resistance Confirms Strength
Technical analysts interpret this upward breakout as a clear buy signal. The previous resistance level around 30 USD now acts as solid support. The next price targets lie between 35 and 38 USD. A sustained move above 38 USD would open the path toward the symbolic 40 USD mark, suggesting growing market momentum.
Factors Driving the Silver Rally
Several fundamental factors contribute to this renewed strength in silver:
- Persistent inflation and declining confidence in fiat currencies.
- Strong industrial demand, especially in solar energy and electronics.
- Rising interest in precious metals as portfolio protection.
These combined dynamics have fueled investor optimism and intensified demand across both industrial and investment markets.
Short-Term Consolidation Possible
Despite the bullish setup, brief pullbacks are possible due to profit-taking after the sharp gains. Analysts expect these corrections to remain limited as long as silver holds above the new support range.
"Silver has decisively broken its past ceiling, turning a potential double-top threat into a strong continuation pattern," analysts at Goldinvest.de concluded.
Author’s Summary
Silver’s breakout above 30 USD erased the double-top pattern and confirmed a bullish signal, with targets near 38–40 USD supported by inflation and industrial demand.
More News
- Could oyster reefs help to restore Australia’s coastal ecosystems?
- Delete your activity - Android - Google Account Help
- Bruegel: Without refining or delaying CBAM for electricity, EU risks market integration, security of supply
- 2024 in review - Global Electricity Review 2025
- Joe Rogan witnesses unprecedented moment at UFC 323 after nearly three decades
- QRCS proceeds with restoration works at four destroyed health centers in Gaza
- RESTORE | Pronunciation in English - Cambridge Dictionary
- Insecurity: Restore Northern core values – IBB urges region’s leaders
- PowerfulJRE — recent Joe Rogan Experience podcast episodes
- Connecting EU climate targets to electricity grid development