Silver Price Forecast: Daily Channel Breaks Down – Next Stop Mid-$50s If Support Fails

Silver has been on a roll for the last year, the price jumping from around $40 to over $80. Now that it's cooled down a bit, traders wonder if this is just a breather or the beginning of something bigger. So, they're keeping a close eye on it to figure out what's next.

One trader, DeepValue Signals, has been pretty direct about what he sees on the chart. His view is simple: ignore the noise and focus on price action. From his perspective, silver has started to lose structure in the short term, and that opens the door to lower levels if buyers don’t step back in soon.

What the Silver price chart is showing 

We had a look at the chart DeepValue shared, and the first thing that stands out is the long-term ascending trendline that has supported silver since late 2025. That trendline helped carry the silver price through the entire breakout phase that eventually pushed the market above $80.

But in the most recent move, price has slipped below a shorter-term channel and started to lose momentum. That’s important because it shows the market has moved from a steady climb into a corrective phase.

Right now, the key area everyone is watching sits around $70–$72. That zone lines up with the long-term trendline and has acted as support during earlier phases of the rally. If that area holds, the structure stays intact. If it fails, the next area of interest drops much lower.

The first major downside level is around $52–$55. That zone previously acted as strong demand and could become the next major test if selling pressure continues.

The bigger trend still has support

Even with the recent weakness, the silver price hasn’t broken its larger bullish structure. The rally that took silver above $80 came after months of steady gains, and corrections like this often show up after strong runs.

The long-term trendline is still in play, and that’s the key detail bulls are focused on. As long as the silver price stays above that rising support, the broader uptrend isn’t broken. It's also why this move is seen more as a correction than a full reversal. 

The market is backing away from its peaks, but hasn't confirmed a complete shift in trends yet. According to CoinCodex’s 1-month silver price forecast, silver could move toward $63.05, which is below the current trading range and indicates limited upside in the near term.

What traders are watching next

The next move really comes down to whether the $70–$72 area holds or breaks. If buyers defend that zone, the silver price could stabilize and make another attempt back toward the $80–$82 highs. That would keep the larger bullish structure intact and reset the trend back toward continuation.

If that level breaks, though, attention shifts quickly toward the $52–$55 support zone. That would represent a much deeper correction and would change how traders view the current cycle.

Right now, silver is caught between two possibilities. Its long-term trend looks good, but short-term, it's facing pressure. Whether this pullback stays small or gets big depends on the next moves in the market.