Saad Ullah
Silver (XAG) has climbed to $51.00 per ounce, posting a +3.66% gain in just one day. This rally pushed the metal above the famous resistance levels established in 2011 and 1980, representing a powerful moment in nominal terms. Still, silver trades nearly 75% below its inflation-adjusted all-time high, which means there could be substantial room for further upside if the current momentum holds.
A Defining Moment for Silver
Market analyst Make Gold Great recently highlighted the significance of this move, pointing out that silver has finally cleared two historic resistance points that had capped prices for decades.
The chart shows a steep upward trajectory, with strong buying pressure lifting silver past $51 after hovering near $49–$50 earlier this month.
Drivers Behind the Rally
Several factors are pushing silver higher. Investors are turning to the metal as a hedge against persistent inflation, while its growing role in solar panels, electric vehicles, and electronics is boosting long-term industrial demand. Expectations of a weaker U.S. dollar - driven by potential Federal Reserve rate cuts in 2026 - are supporting precious metals broadly. Meanwhile, ongoing geopolitical tensions are pulling more money into safe-haven assets.
Chart Analysis: Momentum Holds Strong
The chart reveals silver accelerating sharply from below $49 to above $51 in an almost vertical move. Support now sits at $50 and $49, while resistance above $51 remains undefined, leaving the door open for more gains. Medium-term targets include $60, with long-term projections potentially exceeding $100 when adjusted for inflation.
Saad Ullah
