Silver has experienced a volatile week, swinging between $63.33 and $71.58 as traders digested geopolitics and Federal Reserve signals. Prices briefly topped $70 on progress in U.S.-Iran talks, but hawkish Fed comments and a stronger dollar quickly reversed those gains. Despite the whiplash, silver remains up over $30 in the past year, supported by strong industrial demand from solar, EVs, and AI hardware, along with a tightening supply deficit.
Analyst Clive Thompson, in comments shared by TheGladiator, called $300–$500 silver a long-term possibility but highly improbable in 2026. He believes investors can still accumulate below $100 this year and favors steady buying over aggressive options plays. Thompson sees a move above $100 in 2026 as a major win, and his thesis hinges on persistent supply deficits across high-tech sectors.
Technically, the $73.09 resistance level is critical, as noted by Economic Office. A break above could open the door to $78.82 and then $83.05. The recent bounce from $62–$64 support shows some buyer momentum, but failure at $73 risks another test of $66. A separate analysis from Invezz highlights bearish signals: XAG/USD is below its nine-day and 50-day EMAs, with the RSI near 34.6, indicating selling pressure. Key support sits at $61.01, with a breakdown potentially targeting $57.50. Bulls need to reclaim $66 and break above $69.70–$72.70 to shift the trend.
