Silver prices have touched $51.55 per ounce, reaching the first upside target. Experts see the next target at $53.20, with further potential up to $55–$57. Analyst Neal Bhai suggests buying on dips for better returns.
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Is ₹57 the Next Big Move?
Spot silver prices continued their upward trend this week, hitting the first target of $51.55 per ounce. The next resistance level stands near $53.20, and if momentum stays strong, silver may even rise toward the $55–$57 zone in the coming sessions.
Market analyst Neal Bhai has maintained a positive outlook on silver, advising traders and investors to buy on dips. According to him, global demand, strong technical charts, and optimism in bullion markets are supporting silver’s rally.
Buying opportunities
Experts believe that if silver sustains above $51.50, then the next leg of the rally could begin soon. However, short-term corrections are also possible, giving good buying opportunities for patient investors.
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FAQs
Q1: What is the current silver price?
Silver has reached around $51.55 per ounce in the latest trading session.
Q2: What is the next target for silver?
The next upside target is $53.20 per ounce, with potential to move up to $55–$57 if bullish momentum continues.
Q3: What does “buy on dips” mean?
It means investors should wait for small price declines before buying, which helps in getting silver at a better price.
Q4: Who is Neal Bhai?
Neal Bhai is a well-known market analyst who shares expert views on gold, silver, and commodity price trends.