The Key Level That Silver Needs To Break

Above, Morgan and Peace silver dollars. Photo by Armand Vaquer.

Silver has risen to over $25/toz in recent weeks. The spot price is now (at this writing) at $25.31/toz according to Kitco News.

Can it maintain this level or rise even higher? There seems to be a "key level" hurdle silver needs to break in order to climb even higher in value.

This is the topic of a Forbes article.

They begin it with:

After surging in 2020, silver has struggled to continue its price momentum. Though it is still 40% higher than it was before the pandemic started, the precious metal has meandered in directionless trading for the past few years. This trading range has created a resistance zone overhead from $26 to $30. If silver can close above that zone with healthy trading volume, that would signal that another bullish phase has likely begun.

To read more, go here.