Here’s Where Silver Price Could Be Headed This New Week

Silver’s story has been a wild one this year. The metal shot up to nearly $120 back in January, but that move turned out to be way too hot to last.

Since then, we’ve watched it give back almost half of those gains in what feels like a blink.

Now, after all that chaos, the silver price seems to be catching its breath between $65 and $75.

The question on everyone’s mind is whether this is just a pause before another leg down, or the calm before a recovery back toward $80 or $90.

And underneath all that price noise, the real physical demand from solar panels and EVs hasn’t gone anywhere.

What the Silver Chart Is Saying Right Now

We took a look at the daily chart and silver’s story is pretty clear. That huge spike up to $120 in January was dramatic, but the market simply couldn’t hold those levels. 

What followed was a sharp and painful correction that brought the silver price all the way down to test the $60 to $65 zone. Since then, silver has bounced back and settled into a sideways consolidation phase.

Price is sitting around $72.94. The 30-period SMA is sloping down, signaling that short-to-medium-term sentiment is still leaning bearish.

Silver is trying to push up toward the SMA, but so far it hasn’t made much headway. That tells us sellers are still calling the shots overall, even though there’s a small bounce off the bottom.

A clear range is forming: support sits at $67–$70, while resistance shows up around $75–$79. Recent price action doesn’t scream panic buying or selling—it’s just steady, watchful trading. It looks like a market that’s exhausted from the big move and just waiting for the next trigger.

MACD is the headline here, and it’s not flashing green yet. The MACD line is below the signal line, and both are still in negative territory, so the bears are technically still calling the shots.

What this really means: bearish momentum is hanging on, but it’s losing steam. The market’s oversold in the sense that selling has eased, yet buyers haven’t fully jumped back in to grab control.

Read Also: Algorand (ALGO) Price Prediction: Key Levels to Watch as a Pullback Looms

Silver Price Targets This Week

Silver is sitting at $72.94. The first level of support comes in the range of $70-$71. In case it holds, the silver might attempt to move upward towards the 30 SMA, estimated at $75-$76.

In case the silver price breaks out on the upside through this moving average, then it will open up the way for an advance towards $79, while if the momentum gets intensified, the next target will be $82.

On the other hand, in case the silver price fails to hold $70, then it will head downward quite rapidly towards the next major level of support, estimated at $67.

If that level breaks, we could see a quick drop toward $65 or even $62. That would be a retest of the lows from the recent correction.

So this week really comes down to whether the silver price can break above that 30 SMA. If it can, we might see a slow grind higher toward $79. If not, expect more sideways action or another dip before any real recovery begins.

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The post Here’s Where Silver Price Could Be Headed This New Week appeared first on CaptainAltcoin.