Silver price has been rising steadily over the past 2 weeks. Global financial markets have felt jumpy and uneven. This kind of backdrop often pushes attention toward safe haven and sustainable assets, then silver tends to show up on the shortlist.
Rashad Hajiyev, who is an analyst on X, has a bold timeline for what comes next. He argues that silver price already tripled once in a fast window.
His map starts around $40 in September 2025 and runs to the January peak near $121. That move took about 3.5 months, then the market hit the brakes.
Silver spiked to a high near $121 in January, then price retraced hard. The pullback dragged silver down toward $63 before buyers stepped back in. Silver price has now recovered to around $86 at the time of writing, which puts the market back inside the post peak range.
Hajiyev believes the next leg can be even faster than the first. His target sits between $240 and $260 by May 2026. That call depends on a clean continuation higher after the reset that followed the January top.
Weekly Silver Chart Shows A Powerful Trend That Paused After The January Peak
The weekly candle picture still shows a strong uptrend from the second half of 2025. Price climbed step by step, then the January candle printed a sharp reversal from the highs. That pullback did not erase the bigger climb, yet it did change the pace.
Recent weekly candles look more like a pause than a breakdown. The market has been building a base zone around the mid $70s to high $80s. A push through the nearby weekly resistance near the high $80s to low $90s area would keep Hajiyev’s path alive.
The weekly RSI sits near 65, which stays above the neutral 50 line. This level shows strength, yet it sits below classic overbought territory above 70. Earlier in the run, RSI pressed higher, then it cooled during the pullback and sideways action.
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MACD also stays on the positive side. The MACD line remains above the signal line, and the histogram is still slightly positive.
The gap has narrowed, though, which fits the idea of consolidation after a steep run. Silver price can still trend higher from here, yet the indicators show the market may need fresh energy to do it quickly.
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