Silver has taken a short -term decline, but the market expert expects the white metal to legislate to collapse as investors continue to bet on its safe attractiveness.
It is worth noting that silver increased by approximately 15 % in 2025. As of the end of the last session, it was circulated at $ 34.10, a decrease of 0.8 % for this day. She witnessed the latest declining decline in assets from the highest level in five months of 34.49 dollars.
Silver is ready to break
Based on historical patterns, financial market analyst Rashad Hajiev believes that the precious metal is likely to be a great end. mail On March 28.
In his analysis, Hagiev referred to two former flights, one in 2010 and another in 2020. Both cases witnessed enormous gains in a short time frame, 133 % over a period of seven months in 2010 and 51 % in only three weeks in 2020.
Depending on this historical precedent, it was suggested that the current procedure of the videos in silver be prepared for another explosive step.
Hajiyev stated that the main level of watching is $ 34.89, which is the highest level in October 2024. If the silver is broken over this resistance, it may accumulate about 42 %, which pushes the metal towards the highest level ever.
“I think silver is about to collapse the historical collapse I think. Two of the two main former happened in 2010 and 2020.
One of the potential silver highlands is a $ 50 sign, which now seems possible based on the technical preparation of minerals. especially, analysis by Gold predictions On March 27, it was suggested that the long -term graphic style of silver is the creation of the upscale cup and formation.
The precious metal has gradually increased in the “handle” stage, indicating the accumulation of momentum that it can push towards the main resistance level of $ 50.
The cup style and the handle is a continuing pattern similar to a bowl (“cup”), followed by the standard (“handle”). It indicates that after accumulation, prices may rise as soon as the resistance is broken.
In this case, the Silver price was the pattern for decades, with the appearance of the cup between the 1980s and 2011 while the handle has been formed in recent years. Therefore, the collapse above the current resistance can lead to a large gathering, as analysts look forward to the level of $ 50 as the next main goal.
Feelings of Silver Paul and author Robert Keusaki, who believes the metal can collect 100 % in 2025, supports the possibility of increasing prices.
Why the silver price rises
In general, silver has risen along with gold, as investors resort to the historical precious metals of safety amid economic uncertainty.
The economy remains ready amid a commercial tariff caused by President Donald Trump, who recently announced a 25 % tariff for foreign cars, raising fears of broader economic repercussions.
At the same time, falling into the US cabinet is revenue and concerns about potential credit classification in the United States, supports Silver, one of the un designenal assets.
Meanwhile, strong GDP growth in Q4 (2.4 %) and inflation data coming from PCE will constitute the Federal Reserve Path, with expectations of discounts by the end of the year.
Indeed, the metal offers more call at a time when the stock market continues to trade in red, as the S&P 500 to $ 1 trillion is of the market value during the March 28 session.
Distinctive image via Shutterstock
