Silver price forecast: Channel squeeze signals massive move if $54 breaks

Silver price outlook

Silver is trading near $$53$$ dollars per ounce and remains within a bullish ascending channel. The narrowing of this channel suggests growing pressure that could soon resolve in a strong directional move.

Key resistance level at $54

A key technical level for bulls is the resistance around $$54$$ dollars. If the price can break and hold above this barrier, it would confirm strength and open the way for further gains.

Upside target toward $57

If the $$54$$ level is decisively cleared, the current technical setup points to an advance toward the next major resistance near $$57$$ dollars. In this scenario, the ongoing channel squeeze would likely resolve in favor of buyers, validating the bullish pattern.

Silver holds near $53 as a bullish channel tightening signals a breakout toward $57 if price clears the $54 resistance.

Author’s summary

Silver is consolidating near $53 inside a tightening bullish channel, and a break above $54 could ignite a strong rally, potentially extending toward the $57 resistance zone in the short term.

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Traders Union Traders Union — 2025-11-27

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