Silver Price analysis

Source: Dukascopy Bank SA
Silver remains firmly bullish, trading near 97.68 after a strong January rally marked by repeated all-time highs. Price is well above the rising 60-period SMA at 94.73, confirming trend strength, while RSI around 62 shows solid momentum without extreme overbought conditions. Some hesitation is visible near 98–100, with upper wicks signaling short-term profit-taking ahead of the key psychological 100 level.





A break above 98.74/98.50 would likely fuel a push toward 100, while failure to hold around 97.60 could trigger a healthy pullback toward 95.50 or the SMA near 94.70, without damaging the broader uptrend.
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