{"id":1465,"date":"2026-08-21T14:55:58","date_gmt":"2026-08-21T14:55:58","guid":{"rendered":"https:\/\/goontrading.com\/en\/%e2%9a%aasilver-tests-70-and-breaks-key-resistance\/"},"modified":"2026-08-21T14:55:58","modified_gmt":"2026-08-21T14:55:58","slug":"%e2%9a%aasilver-tests-70-and-breaks-key-resistance","status":"publish","type":"post","link":"https:\/\/goontrading.com\/en\/%e2%9a%aasilver-tests-70-and-breaks-key-resistance\/","title":{"rendered":"\u26aaSilver tests $70 and breaks key resistance"},"content":{"rendered":"

\ud83d\ude80 Experience Ultra-Low Latency Trading<\/a> — \ud83d\udee1\ufe0f Trade with a Regulated Global Broker<\/a><\/strong><\/p>\n

\u00a0<\/p>\n

\n

Sharp turmoil in the debt market, which affected the weakness of the US dollar, triggered a massive wave of demand for precious metals. Silver is dynamically breaking above the 100-period moving average and is showing up in the $69.40-$70.00 per ounce range, noting an impressive monthly increase of over +20.5%.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

<\/p>\n

What is behind the rise in silver prices in the short and long term?<\/span><\/span><\/span><\/span><\/span><\/span><\/h2>\n

Debt market turmoil and weak dollar<\/span><\/span><\/span><\/span><\/span><\/span><\/h3>\n

Growing uncertainty surrounding treasury bond markets and the decline in the value of the USD are forcing capital to flee toward hard assets. We are observing a rebound in demand for silver from ETFs, although in the case of futures contracts, we do not see significant interest.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Inflationary pressure and expensive oil<\/span><\/span><\/span><\/span><\/span><\/span><\/h3>\n

Tensions in the Middle East and WTI crude heading towards $90\/bbl are boosting global inflation expectations. While high energy prices in recent months acted rather negatively on bullion from a short-term inflation-spike perspective, it currently seems that inflation will stay with us for longer, which in the long run acts positively on gold, and with it, silver as well.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

The gold-to-silver price ratio has started to fall again.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Source: Bloomberg Finance LP, XTB<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Global copper supply issues<\/span><\/span><\/span><\/span><\/span><\/span><\/h3>\n

It is worth remembering that silver is usually mined as a byproduct of other metals, including primarily copper. When supply problems appear in the copper market, it also affects the silver market. Furthermore, in the event of a continued energy crisis, we may again see an increase in demand for alternative energy sources in which copper and silver are increasingly used.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

What next? Key levels for silver<\/span><\/span><\/span><\/span><\/span><\/span><\/h2>\n
    \n
  • Bullish scenario: A sustained move above $70.00 opens the way to resistance in the $72.50 area, where the 50.0 retracement of the last downward impulse is located. If this is a lasting recovery, an increase above the recent local peaks from May and breaking $90 per ounce will be possible. A return to a bull market in the silver market could even mean an attack on new historical highs in the long-term perspective. Assuming a similar situation to November 2025, the target could even be $130 per ounce.<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n
  • Correction scenario: High RSI and the Z-score valuation indicator (+3.21) call for caution. The first significant support is at the $65.00 level, and the key demand barrier runs at the 50-day average (approx. $61.30).<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n

    <\/p>\n

    Source: xStation5<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

    In the case of the silver market, the second half of the year usually brings higher volatility. A common turning point is around the September Fed meeting. If Walsh were to show an even more dovish side, which would be a move consistent with the Treasury Department’s latest strategy (return to T-Bill buybacks), silver along with other precious metals could continue to rise.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

    Seasonality in the silver market.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

    Source: Bloomberg Finance LP, XTB<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

    \u00a0<\/p>\n

    Michal Stajniak, CFA<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

    Deputy Director of the Research Department\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

    XTB<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

    \n\u00a0\n <\/div>\n

    XTB.COM<\/p>\n","protected":false},"excerpt":{"rendered":"

    \ud83d\ude80 Experience Ultra-Low Latency Trading — \ud83d\udee1\ufe0f Trade with a Regulated Global Broker \u00a0 Sharp turmoil in the debt market, which affected the weakness of the US dollar, triggered a massive wave of demand for precious metals. Silver is dynamically breaking above the 100-period moving average and is showing up in the $69.40-$70.00 per ounce …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-1465","post","type-post","status-publish","format-standard","","category-gold-commodities-trade-news"],"_links":{"self":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/comments?post=1465"}],"version-history":[{"count":0,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1465\/revisions"}],"wp:attachment":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/media?parent=1465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/categories?post=1465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/tags?post=1465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}