Silver is back in focus as geopolitical risk explodes.
Market commentator Rashad Hajiyev posted a bold update, arguing that if the Middle East conflict escalates further, a parabolic move in precious metals could follow. In his words, a $250 silver target would be modest, and under extreme conditions he could lift that projection toward $350.
The backdrop is dramatic.
Tensions in the Middle East have surged after large-scale U.S.–Israel strikes on Iran. Reports indicate that Iran’s Supreme Leader Ayatollah Ali Khamenei, the IRGC commander-in-chief, and other senior officials were killed during coordinated attacks on Tehran, including key military sites and Khamenei’s residence. The operation was described by President Trump as targeting regime change.
Iran responded with missile and drone strikes aimed at Israel, 27 U.S. bases across the region, and Gulf states including Qatar, the UAE, Bahrain, and Saudi Arabia. Energy infrastructure and military installations are now under heightened threat.
In moments like this, markets search for safety. Gold reacts first. Silver often follows, and sometimes accelerates harder once momentum builds.
Hajiyev’s thesis is simple: if this conflict expands and global energy flows are disrupted, inflation expectations spike, currencies weaken, and capital rushes into hard assets. In that environment, historical resistance levels can become irrelevant.
What if a war in the Middle East is going to be a trigger for a start of a parabolic run in the precious metals. In such case $250 silver price is very modest price target. Let's see how markets react and I might raise the target for silver to $350…
— Rashad Hajiyev (@hajiyev_rashad) March 1, 2026
Now let’s look at the chart.
Silver Price Forecast
The silver price is currently trading around $93–$94, after an extreme rally to an all-time high near $121, followed by a violent drop to the mid-$60s. That crash flushed out leverage but did not destroy the broader uptrend.
Price structure remains constructive.
The 200-day moving average sits near the mid-$50s, far below current levels, confirming the longer-term bullish bias. The rebound from $64 was sharp and decisive, showing strong demand absorption on dips.
The key resistance zone is clear: $95–$100.
This area aligns with prior structural support that broke during the crash. It also sits just below the psychological $100 level. A clean break and daily close above $100 would likely trigger momentum flows and open a fast move toward the previous high at $121.
Above $121, price enters open air.
On the downside, immediate support rests around $85, followed by the stronger demand zone between $75–$78. A drop below $75 would weaken the short-term structure, but as long as silver holds above that range, bulls remain in control.
The RSI on the daily timeframe is hovering around 60–61. That’s strong but not overbought. It suggests bullish pressure without exhaustion. There is room for another push higher before momentum reaches extreme conditions.
Short term, the silver price is compressing beneath resistance. If geopolitical headlines intensify, a breakout through $100 becomes highly probable. If tensions cool unexpectedly, consolidation between $85 and $95 could continue before the next attempt higher.
Volatility is elevated. The chart shows wide swings, but higher lows are forming after the $64 bottom. That pattern often precedes expansion.
If capital rotates aggressively into metals, the move from $100 to $121 could happen quickly. And if the conflict expands further, Hajiyev’s aggressive $250–$350 targets would enter the conversation far sooner than most expect.
For now, all eyes are on the $100 barrier when it comes to silver price predictions.
Read also: Silver Price Manipulation? $1.6B Jane Street Position Raises Red Flags
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