Silver Market Forecast for July 6, 2026
The previous silver forecast has been successfully executed, and we have currently tested the full margin zone, even pushing slightly higher.
At present, we are seeing a precise correction to the quarter level from the recent high. However, for further upside, I would wait for a breakout above the local extreme at 63.00. If this scenario plays out, the target area shifts to 64.40 and the 65.00 level.
Silver’s price remains above the 1980 high, a long-term technical resistance level that has become critical support. At around $62 per ounce, silver is digesting its parabolic price action that took the price over $120 per ounce before correcting.