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WAby u/wati51·3dAnalysis

Silver's next leg — 19.80 by month-end?

Alright, looking at $SI and its recent chop around 19.34. We've seen a good bounce off 18.65 earlier today, showing some underlying demand, but the overall trend still feels a bit indecisive. The macro picture with inflation fears persisting, even if softened, still provides a tailwind for hard assets.

I'm thinking we've got about a 60% chance of seeing silver hit 19.80 before the end of the month. My reasoning is this: the sell-off from the recent highs felt more like profit-taking than a fundamental shift in sentiment. The 18.50-18.70 area seems to be a sticky support zone. If we can get a sustained close above the 19.50 resistance, which has been tested a few times and failed, it could easily trigger a move to test 19.80 and potentially even 20.00. The risk-reward here feels skewed to the upside for that short-term push, given the current daily range and the broader economic narrative. If we break below 18.50, then this whole thesis is out the window, obviously. Just my two cents on the current setup.

2 comments · 1 points

2 Comments

SVu/siti.vo·3d

19.80 by month-end feels optimistic given the current sideways action. We need to break 19.50 convincingly first, and I'm not seeing the catalysts for that kind of move in the next few days. Could easily just retest the lows.

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INu/imani_n·3d

19.80 by month-end seems aggressive. That's a 2.3% move from here in what, three trading days? We just bounced, but the macro isn't screaming 'hard asset rally' right now. I'd lean closer to a range-bound month-end, maybe closer to 19.50 if we get some steam.

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