Key Events
• Silver’s industrial demand continues to rise, tightening supply dynamics and outperforming gold’s rally as year-end momentum builds, with silver eyeing the 60 record.
• Gold’s trend remains more than 100 points away from its 2025 record, signaling a cautionary divergence.
• Rate-cut expectations are being strongly priced into major risk assets — including precious metals and indices — while the DXY index holds its consolidation near the 99.50 mark.
Evaluating Silver’s Position Relative to Its Long-Term Historical Trend:
Silver Outlook: 3-Month Outlook – Log Scale
Source: Trading view
Silver has broken above a 45-year resistance, turning the 54-barrier into a potential support level moving forward. If silver continues to hold above this multi-decade structure, a new era for the metal could unfold in alignment with triple-digit long-term forecasts supported by the expansion of technology and green-energy industries — including solar panels, electric batteries, and industrial tech use cases.
This evolving dynamic presents an increasingly attractive hedge for large institutions and central banks amid shifting market behavior across currencies, commodities, and equity indices. However, key levels remain essential for risk management and short-term positioning in the white metal.
Silver Outlook: Weekly Time Frame – Log Scale
Source: Trading view
From a weekly perspective, silver’s price action is aligned with the upper bound of a duplicated up-trending channel respected between August 2022 and September 2025. The 60 zone remains a key psychological resistance level — and a potential retracement trigger. Beyond that, Fibonacci extension measurements from the July 2025 low and the October 2025 high-and-low sequence outline the next upside zones near 64 and 69.
On the downside, if a reversal emerges below the daily low of 56.20 and the previous 2025 record at 54.30, retracement risks may extend toward the mid-zone of the new channel between 51.80 and 50.80. A confirmed hold below this area could pave the way for deeper declines toward 45 and 43.90 — aligning with a historical resistance zone connecting consecutive higher highs between January 2023 and October 2024, before silver possibly resumes its bullish course.
Written by Razan Hilal, CMT
Follow on X: @Rh_waves
