Silver May Find a Bottom Near $60 With a $61 Entry and $97 Rally Ahead

1 min read
Source: Barron's
Silver May Find a Bottom Near $60 With a $61 Entry and $97 Rally Ahead
Photo: Barron's
TL;DR

Barron's technical analysis suggests silver could bottom around $60, with an entry near $61, before a potential rally toward $97.40 later in the year. The view comes after a drop from the mid-$80s to the mid-$60s and a 10-month monthly uptrend, with bearish RSI signals and high volatility keeping risk in check. If investors have conviction, volatility may present an entry point, per the analysis.

Share this article

Want the full story? Read the original reporting

Read on Barron's