Silver starts the week with bullish momentum. We had a look at the silver chart, and the silver price is around $64.69 after rising from roughly $50.00. That works out to a gain of about 29% across the period covered by the analysis, with silver maintaining a pattern of higher highs and higher lows.
The first level bulls need to clear is $65.00. Silver has pulled back slightly after reaching that area, but trading activity at 19.73K ticks points more toward consolidation than heavy selling. There are also a few warning signs to keep in mind. RSI is at 51.30 and has produced bearish divergence, with the silver price reaching a higher high near $65.00 without RSI confirming the move.
What you'll learn 👉
How High Can the Silver Price Go This Week?
For the silver price, $65.00 is the first resistance level bulls need to clear. A sustained break above it could open the door to $67.50-$70.00, which is the main upside target for this week. On the downside, $62.50 is the key support, backed by the recent swing low and trendline.
If the silver price falls below $62.50, attention would turn to the $60.00-$57.50 support zone. The broader uptrend remains intact above these levels, but the bearish RSI divergence means buyers need to regain momentum for silver to continue higher.
A breakout above $65.00 with stronger buying pressure would put $67.50 within reach first. If bulls clear that level as well, the silver price could then test $70.00. From $64.69, reaching $70 would mean a gain of roughly 8.2%.
However, the current indicators do not provide enough evidence to assume that a move will happen without resistance. RSI at 51.30 and the Ultimate Oscillator at 51.53 both show that momentum needs to improve. For now, $67.50-$70.00 is the main bullish target zone for the week.
Read Also: Silver Price Prediction: One Level Stands Between Here and Much Higher
What Could Push Silver Toward the Bullish Target?
Silver has strong industrial demand behind it, with the metal used across electronics, communications equipment, batteries, optics and defense technology. Its high electrical conductivity, corrosion resistance, reflectivity and thermal performance make it useful in a wide range of applications.
In the defense sector, silver is used in circuit boards, connectors, switches and wiring, as well as silver-oxide and silver-zinc batteries for aerospace and naval equipment. Its high reflectivity also makes silver useful for optical and laser systems.
Silver & WARS ?
— Josh Philip Phair (@JoshPhilipPhair) August 15, 2026
Militaries are expanding rapidly and you know why…
What does this mean for Silver?
It’s a quiet but critical material in modern military technology, valued for unmatched electrical conductivity, corrosion resistance, reflectivity, thermal performance, and…
These applications do not guarantee a weekly rally, but they provide a fundamental source of demand alongside investment interest as reported by Josh Philip Phair.
What Could Invalidate the Bullish Silver Setup?
The main level that could weaken the bullish outlook is $62.50. A sustained break below it could send the silver price toward $60.00 and potentially the $57.50 support area. The bearish RSI divergence is also worth monitoring.
With the RSI at 51.30 and the Ultimate Oscillator at 51.53, the indicators are showing a bit less strength than the price action. For now, the silver price remains bullish above $62.50. A break above $65.00 could open the door to $67.50-$70.00 this week, but a drop below $62.50 would weaken the bullish setup.
FAQs
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
