Silver

Bullish

Archived analysis from Aug 21, 2026, 1:26 PM

Key insight

$69.58 clears the $68 prior resistance; next technical target is $72.50 (2024–2026 swing high zone). Gold at $4,583 (+1.4%) provides a tailwind, but silver's outperformance points to industrial demand joining the rally.

Surges 2.23% to $69.58, outpacing gold's 1.4% gain — gold/silver ratio compression signals industrial and safe-haven demand converging above the $68 breakout level.

Main risk

USD reversal / Treasury yield spike

Snap USD strength or 10-yr yield surge above 4.80% could force silver back below $68 support, invalidating the breakout.

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