Silver on the rise: the value of silver today reaches $81.43 with sustained positive momentum

Silver Price Today Hits New Annual Highs Despite Complex Macroeconomic Environment

In recent trading sessions, silver (XAG/USD) has consolidated significant gains exceeding 5%, consistently staying above the $80.00 per troy ounce threshold. This upward movement is particularly noteworthy given the current market environment, characterized by contracting US Treasury yields and a still resilient dollar. The silver price today reached an annual high of $81.43, driven by a combination of macroeconomic factors.

The main drivers of this rally include rising expectations of a possible easing of the Federal Reserve’s monetary policy during the year. Signs of deterioration in the US labor market have fueled these forecasts, boosting the appeal of precious metals as safe-haven assets. Simultaneously, ongoing geopolitical dynamics have provided additional support to noble metal prices.

Technical Analysis: Silver Momentum Remains Positive but Shows Overbought Signals

From a purely technical perspective, the positive momentum persists and characterizes the price profile of silver. The Relative Strength Index (RSI) has entered overbought territory; however, the strength of the current trend suggests that the market’s room for movement could extend further before a structural correction. If the RSI surpasses the 80 level, the silver market could be considered significantly overbought, even though the prevailing trend continues to point upward.

Critical Technical Levels and Future Scenarios

Main Resistances: Today’s high at $81.44 represents the immediate resistance. A break above this level would open bullish scenarios toward $82.00, with the all-time high at $85.87 as the next target.

Significant Supports: A retreat below the psychological threshold of $80.00 could trigger a more pronounced pullback. The first support level is identified at the January 5 high of $77.88, followed by support at $75.00 should the previous level fail to contain the declines.

The silver price today reflects a delicate balance between optimism regarding monetary demand and technical signals of extension, where each move beyond $80 signifies a confirmation of the ongoing bullish trend strength.