Everyone online is calling for silver $XAG : in September it will surge to 80—70 is just the start.
The bullish logic is indeed there: rate-cut expectations + a gap in the photovoltaic (solar) industrial sector; the market size is small, so when funds rush in, the breakout strength is extremely powerful. In extreme conditions, silver could have a chance to touch 80.
But don’t treat expectations as a certainty. If silver has been how疯狂 (how wild) it has risen, then the selloff will be how狠 (how brutal). Once US data turns stronger and rate-cut expectations cool down, longs will collectively exit.
Now price is already at a high level and overbought—strictly no chasing.
Resistance: 72.5‑75, optimistic target 80
Support: 67.8, strong support 63
Don’t go all-in bullish. Wait for a pullback to support before considering entry. When you reach your target, remember to take profit—don’t hold on to fantasies of infinite upside.
The bullish logic is indeed there: rate-cut expectations + a gap in the photovoltaic (solar) industrial sector; the market size is small, so when funds rush in, the breakout strength is extremely powerful. In extreme conditions, silver could have a chance to touch 80.
But don’t treat expectations as a certainty. If silver has been how疯狂 (how wild) it has risen, then the selloff will be how狠 (how brutal). Once US data turns stronger and rate-cut expectations cool down, longs will collectively exit.
Now price is already at a high level and overbought—strictly no chasing.
Resistance: 72.5‑75, optimistic target 80
Support: 67.8, strong support 63
Don’t go all-in bullish. Wait for a pullback to support before considering entry. When you reach your target, remember to take profit—don’t hold on to fantasies of infinite upside.