Silver is currently trading near $88, maintaining bullish momentum after successfully breaking above the important $85 resistance level highlighted in the previous analysis.
This breakout has strengthened the short-term bullish structure and shifted market sentiment in favor of buyers.
$90 – The Major Resistance Zone
The next critical level for Silver is the $90 resistance zone. This area is acting as a strong psychological and technical barrier. A decisive breakout above $90 with strong volume could confirm continuation of the uptrend and potentially open the door for a smooth rally toward the $100+ level.
However, without a confirmed breakout, price may consolidate below $90 before making the next major move.
Technical Indicators Support Bullish Momentum
From a technical perspective, the chart structure looks healthy. The MACD indicator is currently positive, indicating ongoing bullish momentum. As long as momentum indicators remain supportive and price holds above previous breakout levels, the overall bias remains upward.
Downside Risk and Support Levels
Despite the bullish outlook, risk management remains essential. In case of a pullback or broader market correction, Silver has a strong support zone around the $75 level. This area could act as a key cushion for buyers and may attract fresh demand if tested.
Final Outlook
Silver remains in a bullish phase above $85, but the real confirmation for a larger rally lies in a clean break above $90. If that happens, the path toward $100+ becomes technically achievable. Until then, traders should watch price action closely around the $90 resistance zone while keeping an eye on support near $75.
Not Financial Advice
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