Silver has finally shown a strong breakout, and as traders say — big moves never come quietly. After many days of slow movement, silver price has now jumped with power, giving a clear signal that a fresh upside trend may be starting.
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This breakout shows strong buying interest in the market. Global cues, improving industrial demand, and weakness in the dollar are supporting silver. Traders are now watching if silver can hold above this breakout zone to continue the rally.
For investors, this is an important moment. If silver stays above its key levels, the price can move even higher in the coming days.
Silver Breakout: Big Moves Don’t Whisper — They Hit Loud and Clear
Silver remains firmly in bullish territory.
Momentum is strong, structure is intact, and the price continues to respect higher levels despite short-term overbought readings. This is a market that’s not asking if – it’s asking from where.
Yesterday, bulls didn’t just reach that zone – they pushed straight through it, opening the door to higher upside targets we first outlined back on December 1st.
Well done to everyone who trusted the structure, stayed patient, and executed the plan.
This is exactly how clean technical scenarios are supposed to play out.
Shifting to the daily timeframe, we can clearly see that yesterday’s impulse allowed price to complete the minimum upside projection following the breakout from the purple channel once again, a scenario discussed and mapped out on December 1st.
After printing a new high, silver has now slipped back into very short-term consolidation (marked on H4). That behavior is constructive, not bearish. In strong trends, consolidation after expansion often acts as fuel, not a ceiling.
If the price resolves to the upside, the next levels to watch are:
- 65.00 – a key barrier already highlighted earlier
- 66.65 – area, where the projected move equals the height of the orange H4 consolidation
Indicators? Overbought, but not broken. Both H4 and daily indicators remain overbought, and yes – negative divergences are present. However, and this is critical: there are still no sell signals.
In strong bullish environments, overbought conditions can persist far longer than most expect.
Divergences warn about risk, not timing. Until price confirms weakness, momentum remains with the bulls.
Key support zones to monitor
The most important downside references right now:
- the upper border of the pink rising channel – currently around 62.20
- yesterday’s bullish price gap: 61.03 – 62.35
As long as price holds above these zones, the broader bullish structure remains intact.
Lab takeaway – What matters today
This is not the moment to chase highs blindly – and it’s also not the moment to fight the trend just because indicators look stretched. Silver is doing exactly what strong markets do: break structure, expand, consolidate and prepare for the next move. Today is about location. Either price holds above key supports, and the bullish continuation remains in play or it doesn’t, and the market gives us clarity. Patience here is a position.
Stay sharp and let the daily candles speak.
Disclaimer
This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.
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