Silver Price Outlook – Silver Continues to Be Noisy

Silver Markets Technical Analysis

The silver market has fallen pretty significantly during the early hours on Monday, as we continue to see a lot of noise in general. It does make a certain amount of sense considering that Friday was a day that was basically about stalling momentum, and that of course has an influence on what happens next. At this point, the $33.33 level should end up being a bit of support based on market memory as it was significantly resistant previously. Silver will more likely than not follow gold. And as a result, I think you need to pay attention to both simultaneously.

If we were to break down below the $33.33 level, then I think silver could drop all the way down to the $32.35 level, where it will eventually meet up with the 50 day EMA at this rate. If we can turn around and take out the highs of the Friday session, that sends silver looking to get to the $35 level, which was a major swing high back in late 2024.

Keep in mind that silver is extraordinarily volatile and can be much more dangerous for your account than gold. So you do need to position size accordingly. This is a market that is in a very strong uptrend, but it has a lot of negative correlation to the US dollar and interest rates. It’s a precious metal, but it’s also an industrial one. So it does make silver a little bit of an odd market at times. So, just make sure to protect your account.

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