Silver is trading near $72.95, showing stability after recent volatility and modest gains over the past week. Despite a sharp correction from early-2026 highs near $121, silver's broader outlook remains positive due to strong demand from sectors like solar energy and electric vehicles, alongside its safe-haven appeal amid geopolitical tensions. Technical analysis indicates a bullish reversal as silver breaks out of a falling wedge pattern, confirmed above $72.86. A successful retest near $69.52 has strengthened the bullish case, with immediate resistance at $74.68 and a breakout confirmation level at $76.10. A decisive move above this zone could accelerate momentum towards a major target near $123, while a drop below $69.52 could weaken the bullish setup.
Silver Targets $76.10 Resistance After Falling Wedge Breakout
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