The precious metal sector has been experiencing sharp volatility since the start of the US-Iran War. This particular predicament is taking a toll on the gold and silver prices, a scenario that historically helped bolster the prices of both assets. Despite the ongoing chaos in the precious metal sector, gold seems to be holding on to its current price structure, while the silver price is rapidly falling, stable at $80 at press time. Will silver continue to fall back or rise high in new shocking market momentum?
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Silver Price Prediction: New Comments From Experts
Silver price is continuously showing rapid downfall, plunging to sit at $80, from its earlier high of $120. This dramatic silver price fall has come at a time when three countries are conjunct in geopolitical conflict, a narrative that is suitable for safe haven assets like silver to surge. However, in a new development, the silver price has continuously dropped to new lows, amplifying speculation in the market.
Silver’s current price plunge is, however, yet to unfaze analysts who believe that the current silver price dump is temporary. Per Rashad Hajiyev, precious metals are yet to reach market momentum and may reverse their course, ascending to new peaks soon.
“At some point, likely this week, appetite is going to come back to the precious metals sectors. Gold and silver went to a second plan given the developments in the Middle East. However, this is to change soon, since precious metals are going to be the main asset to benefit, leaving even crude oil in the dust…”
Hajiyev later shared how silver is showing signs of breaking out again, breaking down the lower band of a 1.5-month triangle, and displaying a sense of recovery again.
“It is the moment of truth for precious metals. Silver as well broke down the lower band of the 1.5-month triangle. The question is if buyers finally step in to defend the formation or not. In the present environment, I do not see how metals can correct too much longer…”
Post Consolidation: What Silver Could Achieve
Per Hajiyev, silver seems to be consolidating as precious metals continue to hover behind a surging US dollar. Hajiyev shared how silver is also consolidating at present, and once it’s through its resting phase, there is no stopping silver from hitting new highs.
“The silver chart looks very bullish to me. Silver broke 10-year rising resistance in September 2025 and since then has been consolidating gains. The global economic and geopolitical background is very bullish for precious metals. Once silver is done with consolidation, another even stronger leg up will follow in my opinion…”
Per the expert, silver may hit a new peak of $140 to $150 in its next leg up.
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