Here’s How High Silver Price Can Go This Week

Silver has been getting a lot of attention over the past year. The price has been going up for a while now, mostly because there isn’t enough supply to meet the growing demand around the world.

For the past five years, the market has been using more silver than what miners are producing. Because of that gap, prices have slowly been moving higher.

Things got very wild at the start of 2026. The silver price shot up to about $121 per ounce in January, then dropped back down. Now the price is moving around the $80 to $85 range as the market tries to settle down.

One reason behind the tight market is declining inventories. Stocks held in vaults tied to London Bullion Market Association and COMEX have dropped sharply compared to levels seen in 2020.

Demand from industry is also playing a major role. Silver is heavily used in solar panels, electronics, electric vehicles, and data center infrastructure tied to the AI boom.

However, investor interest has grown as many see silver as a cheaper alternative to Gold, especially as global economic uncertainty continues.

Here’s What The Silver Price Is Showing

We took a look at the daily chart of the market for the past year or so, we can see that the silver market has been in a strong uptrend for most of the period. 

The silver price gradually increased from the $30 region in the middle of 2025 before making a sharp move at the end of the year. This sharp move resulted in the price touching its highest peak at around $120 in January 2026, making this the most aggressive move in the past few decades in the market for the precious metal.

However, the market has seen a sharp correction in the price of the precious metal since the touching of the peak in January 2026. The price has been dropping rapidly and has formed a volatile consolidation region between the $70 and $90 regions.

At writing, the silver price is trading at around $80.55, which is roughly at the middle of the range. From the chart, it looks like the market is trying to calm down after the recent drop in price.

The MACD is starting to level out, which usually means the selling pressure is slowing down. The price is also still staying above some key support levels. If buyers keep defending those lower levels, silver could try to move back up toward the top of the range again.

How High Silver Price Could Go This Week

With silver trading near $80.55, the market is approaching several important levels. The first area traders are watching is around $84–$85, which sits close to the short-term moving average and recent resistance on the chart. 

A rise above this area could send the price of the metal higher towards the $90 mark, where selling pressure was quite strong in the past.

If the momentum in the price of the metal continues in the positive direction, the price of silver could rise up to the $95 mark in the near term. This will be a stronger up move from the recent correction in the price of the metal.

Read Also: Where Could Ripple’s XRP Price be Headed This Week?

On the flipside, the support for the price remains at the $75 area. If the price dips below this area, the price could fall towards the $70 area, where support has been strong since the recent fall in the price of the metal.

Another factor that may affect silver prices this week is geopolitical risks. There is a possibility that tensions between Iran and the US might affect silver prices as investors may opt to buy safe-haven assets in case of tensions between the two countries. 

During such situations in the world, investors usually prefer to buy precious metals such as silver and gold, which may boost the prices of silver and gold.

For now, the silver price is just consolidating. However, in case the demand for silver persists and tensions between countries increase, silver may again move towards the $90 mark in the near future.

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