The Silver (XAG) price dropped hard earlier this month, but it has started to climb again. The price is bouncing, and some traders think it can still move higher.
Top analyst, Shirley says this rebound is playing out the way she expected. Her main condition is simple: silver needs to stay above the $85 level. If that support holds, she believes price could test the $90–$95 resistance zone next.
Right now, the silver price is trading just under that key area, and the chart shows why $85 matters so much.
The Silver Chart Shows a Clear Rebound Structure
Looking at the chart, silver first made a strong move higher before dropping sharply. After that drop, price found support in the $72–$75 zone, which has acted as a base.
From there, the silver price started forming higher lows. The most recent pullback held above previous support, which is often how rebounds develop. The price is now climbing again, moving toward the upper resistance zone near $90.
There is also a highlighted “strong buying zone” around the mid-$80s. That aligns closely with Shirley’s $84–$85 buy range.
Why $85 Is the Key Level For Silver Price
The $85 area has turned into short-term support. Each time silver dips into that zone, buyers have stepped in.
If the Silver price continues to hold above $85, it keeps the rebound structure intact. A sustained move higher from here would likely push silver into the $90–$95 range, which is the next major resistance area marked on the chart.
That zone also lines up with a previously dense trading area, where price spent time consolidating before the breakdown. Markets often revisit these areas during recovery phases.
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However, the Silver price remains below its previous highs, but the recent pattern shows buyers defending key levels. The chart outlines a potential path where price pushes gradually higher instead of collapsing back toward the lows.
The rebound does not look explosive, but it looks steady. Shirley says this move will take time. Her near-term target is $88 to $92, and above that she sees room up to $95.
For now, the silver price direction depends on one thing: holding $85. If that level stays intact, the path toward the $90–$95 zone remains open.
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