Silver Price Forecast – War and Energy Security Set Stage for Silver’s Next Rally
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Key Points:
- Silver remains in a strong long-term bullish structure, with the $50 to $60 zone acting as key support for the next rally.
- A sixth straight year of structural deficit keeps the broader supply backdrop supportive for higher silver prices.
- War, energy security concerns, and rising renewable demand continue to strengthen silver’s longer-term outlook despite short-term risks.
Silver (XAG) price has dropped sharply from the record high to find a strong support at the pivotal zone of $50-$60. The broader structure still points to a bullish long-term outlook. In my view, the combination of a deep structural market deficit, lingering liquidity risk and stronger long-term demand from renewables and electrification sets the stage for another major move higher once this correction is over. This article presents the macro drivers, the technical structure and the key risk levels that could shape the next move in silver.