Last Updated on July 4, 2026 by Deon
Silver prices have made a comeback going back up over the important sixty dollar mark after a lot of people were selling. This happened because the US Dollar got weaker after some not good job numbers came out in the US, which made people want to buy Silver again. Some technical signs also say that Silver is getting stronger which makes people think it could go up to around sixty five dollars.
Silver Is Getting Its Momentum Back After A Big Recovery
Silver has done well over the past few days going up by more than five percent. The US Dollar getting weaker has helped Silver a lot letting buyers push prices up to a point of around sixty two dollars and ninety cents.
People are buying Silver again because they are feeling better about the market and they are changing their minds about what the US Federal Reserve might do with interest rates after some bad job numbers came out. When people think interest rates might not go up much it helps Silver.
Even though Silver has come strong some people who watch the market think it needs to do more before we can say it is really turning around.
The RSI Is Showing That Silver Is Getting Stronger
One change in how Silver is doing is that some technical signs are getting better.
The RSI has moved out of the zone where it was too low and is going up towards the point of fifty. Even though it is not totally strong yet this sign says that people are not selling much and buyers are getting back in control.
This change in momentum often happens before Silver starts to recover more.
Why The US Dollar Matters For Silver Prices
Silver is sold in US Dollars around the world so what happens to the Dollar affects Silver prices.
The Dollar got weaker after some bad job numbers came out which made people think the Federal Reserve might not raise interest rates much. This made investors want to buy Silver and other precious metals
If the Dollar stays weak Silver might keep going up.
Important Levels To Watch
Even though Silver is getting stronger there are some hurdles to get over.
The first one is sixty five dollars.
If Silver can break through this level it could get stronger and more people might want to buy.
The next level is the two hundred day moving average, which’s just below seventy dollars.
This level is important because it often attracts a lot of attention from investors and could be the big target.
Higher Levels To Watch
If Silver keeps going up the next targets could be seventy one dollars and thirty two cents and seventy four dollars and ninety six cents.
If Silver can break through these levels it would be really good for its medium term outlook.
Important Support Levels
Even though Silver has come back there is still a chance it could go down.
Some important levels to watch are sixty dollars and ninety two cents and sixty dollars.
If Silver stays above these levels it will help keep the momentum going.
Support
If Silver starts to go down again the next level to watch is fifty six dollars and sixty one cents.
If it breaks through this level it could start a downtrend.
The Market Is Feeling Cautiously Optimistic
Even though Silver is doing better some people are still being careful.
The bigger trend is not totally positive yet. Some signs are getting better which could mean more gains.
A lot will depend on what happens with the US economy and what the Federal Reserve does.
Things That Could Make Silver Go Up
Some things that could help Silver are:
The US Dollar staying weak
The US having lower inflation and job growth
The Federal Reserve not raising interest rates as much
More people wanting to buy Silver when the market is uncertain
A lot of industries needing Silver
If these things happen Silver could keep going up.
Short Term Outlook
The short term outlook is looking better after Silver recovered above sixty dollars.
Some signs are getting stronger buyers are feeling better. The weak Dollar is helping.
Silver still has to get through the sixty five dollar level. If it can it could go up to the two hundred day moving average near seventy dollars.
For now people are watching to see if Silver can keep going up.
