Silver trades near $53 and tests a major ascending channel resistance. A confirmed close above $54 would open the path toward the next pitchfork resistance at $57.17. Read more

Gold and silver ease as risk appetite improves, but dovish Fed expectations and weak US data continue to support precious metal sentiment.

Silver hit a record $57.86 and traded near $58 after a six-day, 15% rally, now up over 100% in 2025. Futures touched $58.60. Traders price an 88% chance of a December Fed rate cut as the dollar weakens.

Gold’s rally may just be getting started Deutsche Bank has hiked its 2026 forecast to a record $4,450 an ounce as China and central banks drive massive demand, with silver and platinum also poised to surge amid tight global supply.

UBS has increased its silver price forecasts by “USD 5–8/oz” and now expects prices to reach USD 60/oz in 2026, with Schnider adding that “a spike to USD 65/oz is possible,” though not likely to be sustained.

Tight supplies have been fuelling the massive surge in silver prices, which has seen the metal rise more than 10% since last Friday. On Wednesday, silver prices on COMEX hit a fresh record high of $59.

Industrial demand and the tightening supply of physical silver have led to a surge in prices. ・Spot gold price was up 0.12% at $4,213.6 per ounce. ・The U.S. dollar index (DXY) was little changed at 99.

(Reuters) -HSBC on Wednesday raised its average silver price forecasts for 2025 to $38.56 per ounce from $35.14 citing expectations for high gold prices, renewed investor demand, and anticipated volatile trading. The bank also raised its forecast for 2026 ...

Gold prices are poised for a near-term rise, driven by surging expectations of a Federal Reserve rate cut and ongoing economic

Silver extended its bullish run this week but began pulling back from the $60 level, highlighting extreme overbought conditions. While support may emerge between $54 and $55, the risk of sharp reversals and parabolic behavior remains a key concern.