Silver
BullishArchived analysis from Aug 20, 2026, 3:37 AM
Key insight
$67.10 consolidates after a major multi-year breakout above $34 resistance; next structural target is $72 (2011 all-time high cluster). A daily close above $68.50 opens the extension.
Holds $67.10 within striking distance of 2026 highs; Gold/Silver ratio compressing as industrial demand underpins XAG while Gold slips 0.7% — relative strength favours Silver continuation.
Main risk
Gold reversal dragging XAG lower
Gold down 0.7% to $4,492 today; a sustained Gold selloff below $4,400 would pull Silver through $63.50 support.
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