Silver Price Outlook: Spot silver is currently facing a major resistance near the $90 level, which is acting as a strong hurdle for further upside. Market experts believe that this price zone is very important for the next big move in silver.
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Silver Price Outlook:
According to technical analysts, a strong daily close above $90 can completely change the momentum in favour of buyers. If silver manages to sustain above this level, it may open the door for a fresh rally in the global market.
Silver Price Upside Targets to Watch
If spot silver successfully closes above $90, the next upside targets are seen at:
- $93.30 – First immediate resistance
- $95.55 – Strong breakout confirmation zone
- $101 – Psychological and long-term target
Traders and investors are advised to keep a close eye on price action and volume near the $90 mark. A breakout with strong buying interest can attract fresh participation from both short-term traders and long-term investors.
What Should Investors Do?
Experts suggest avoiding aggressive positions until silver gives a confirmed close above $90. Conservative investors may wait for a breakout, while experienced traders can plan positions with strict stop-loss levels.
Silver remains an important precious metal due to its industrial demand and safe-haven appeal, making upcoming sessions crucial for price direction.
FAQs
1. Why is $90 important for spot silver?
$90 is a strong resistance level where selling pressure has increased. A close above this level signals bullish strength.
2. What happens if silver closes above $90?
A sustained close above $90 may push silver prices towards $93.30, $95.55 and even $101.
3. Is this a good time to buy silver?
Experts suggest waiting for a confirmed breakout above $90 before taking fresh long positions.
4. What are the next resistance levels for silver?
The next key resistance levels are $93.30 and $95.55 after $90.
5. Is silver a good long-term investment?
Silver is considered a good long-term option due to industrial demand, inflation hedge value, and global economic uncertainty.
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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