Silver May Find a Bottom Near $60 With a $61 Entry and $97 Rally Ahead

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Source: Barron's
Silver May Find a Bottom Near $60 With a $61 Entry and $97 Rally Ahead
Photo: Barron's
TL;DR Summary

Barron's technical analysis suggests silver could bottom around $60, with an entry near $61, before a potential rally toward $97.40 later in the year. The view comes after a drop from the mid-$80s to the mid-$60s and a 10-month monthly uptrend, with bearish RSI signals and high volatility keeping risk in check. If investors have conviction, volatility may present an entry point, per the analysis.

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