Silver Price Forecast: XAG/USD bulls regain control as short-term momentum strengthens

💡 DMK Insight

Silver’s recent climb to around $82.80 signals a strong safe-haven demand amid geopolitical tensions. With prices up over 5% this week, traders should note that this trend could continue if uncertainty persists. The ongoing geopolitical risks are likely to keep investors flocking to precious metals, particularly silver, which often benefits from such market conditions. Look for key resistance around $85; a break above that could trigger further buying momentum. Conversely, if prices retreat, support levels near $80 will be crucial to watch. But here’s the flip side: if geopolitical tensions ease, we might see a quick reversal as traders take profits. Keep an eye on related assets like gold (XAU/USD) as well, since they often move in tandem with silver. Monitoring these correlations could provide additional insights into market sentiment and potential price movements.