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Silver hits a fresh all-time high of around $83.96 on increasing industrial demand. It hit a high of $78.06 yesterday and is currently trading around $72.50.
Chart pattern- Bearish divergence (CCI(50) and over bought RSI(14) above 90 level in monthly chart)
Silver performed spectacularly in 2025, surging nearly 163% year-to-date to close around $76 per ounce by late December (with intraday peaks briefly surpassing $84), marking its greatest yearly rally in more than ten years and greatly outperforming gold and most main asset classes. Starting the year around $28–30/oz, the metal's explosive surge was driven by a perfect storm of structural elements: a fifth straight global market deficit exceeding 117 million ounces resulting from slow mine supply amid great industrial demand from green energy sectors (such as solar panels requiring around 20g each), combined with strong safe-haven buying caused by geopolitical conflicts, de-dollarization efforts by nations including China and India, multi-year high ETF inflows, a weakening USD under expected Fed rate cuts, sharp depletion of above-ground inventories (including a 35% drop in COMEX stocks), record physical retail accumulation, and technical momentum as the gold-silver ratio compressed from around 100:1, denoting the release of long-standing undervaluation.
Trading Strategy and Key Levels for Silver
The commodity is trading above short-term (34 and 55 EMA) and long-term moving average (200 and 365 EMA) in the monthly chart. In the monthly chart, RSI trades above 90, therefore pointing to a greatly overbought condition and better to await a sharp drop before reentry. The near-term support is about $70; any breach below will bring the commodity to $68.30/$65.98/$62/$58.62. The quick resistance is at $73.75; any breach above targets $75.57/$78/$80/$83.59/$87.90/$90.3.59/$87.90/$90.
It is good to buy on dips around $58 with a stop-loss at $50 for a TP of $80/$83.50/$88.
