Artem Voloskovets
⬤ Silver came roaring back in the latest trading session, wiping out an earlier dip and climbing roughly 4.82 percent to around $75.60. The metal had pulled back briefly, but buyers stepped in quickly and pushed prices from a low near $71.19 all the way up to $76.54 before things settled. The move showed that the recent pullback didn't stick—momentum stayed firmly on the bullish side.
⬤ The chart tells the story clearly: a strong green candle followed the brief downturn, and silver now sits well above its moving averages. The 20-day average is around $66.25, while the 50-day, 100-day, and 200-day averages trail even further behind at $58.68, $52.15, and $45.35 respectively. That kind of separation shows just how strong the uptrend has been over the past few months.
⬤ Momentum indicators back up the bullish picture. The RSI sits around 76, which is elevated but not quite as stretched as it was during the previous peak above 90. Silver's still holding near the top of its recent range, and while there's been some cooling from the extremes, the overall momentum hasn't cracked. The repeated reaction points marked on the chart show where buyers have consistently stepped in during this rally.
⬤ What matters here is that silver's uptrend looks intact even after a sharp single-day correction. The metal quickly reclaimed lost ground and stayed well above key trend levels, suggesting sentiment remains positive. Traders will be watching to see if silver consolidates around these levels or makes another run at recent highs as the rally continues into 2026.
Artem Voloskovets
