Current Situation of the Silver Price
The silver price is currently hovering around the resistance area of $34 to $35 per ounce and shows signs of a possible price explosion. The current price is approximately $32.37 per ounce, with slight fluctuations in recent days.
Resistance Area
The resistance area of $34 to $35 has proven to be significant over the months, which has so far hindered the price increase.
Forecasts for the Silver Price
Short-Term Forecasts
Experts expect a consolidation phase with price fluctuations between $29.80 and $36.91 for the year 2025. A peak of $35.15 is anticipated for October, followed by a decline to about $31.37 by December.
Medium-Term Forecasts
In 2026, the silver price could continue to rise depending on expert assessments, with a potential peak of $39.74 in August.
Long-Term Forecasts
For the period 2030-2035, a significant recovery is expected, with potential price increases up to $106.60 by 2035.
Market Analysis and Technical Factors
Technical analyses show an active upward trend structure in the silver price. However, a potential double top could indicate an upcoming trend reversal. Important supports and resistances must be monitored.
In summary, the silver market shows promising signs for investors but should be accompanied by technical and fundamental analyses to minimize risks.