Usman Salis
Silver's impressive rally has traders talking. After months of steady climbs, the metal just punched through $45, making people wonder if we're seeing the start of something big. When Kitco NEWS highlighted this surge on social media, it got everyone debating what comes next.
Chart Analysis: Building Momentum
Kitco's latest numbers show silver at $45.13, trading between $43.71 and $45.24 today. The chart tells a clear story - this uptrend has been picking up serious steam lately. Support sits around $43.70, with stronger backing near $41 where old resistance from August now acts as a floor. The next hurdle is $46, and if that breaks, we could see $48-$50 pretty quickly. Trading volume hit 171K ticks, showing institutions are paying attention, while the steep rally angle suggests this momentum could go parabolic.
What's Driving Silver Higher?
Several things are fueling this move. Inflation worries have people buying precious metals again as a hedge. Industrial demand keeps growing thanks to solar panels, electric car batteries, and tech gadgets that need silver. Meanwhile, talk of possible U.S. rate cuts in 2026 is weakening the dollar, which helps metals shine. From a technical standpoint, breaking above $44 triggered trend-following algorithms, adding more buying pressure.
Usman Salis
