Silver Price Prediction: Analysts Warn $78 Breakdown Could Send Silver to $72

After a stretch of big swings, silver is once again testing a key area on the chart. The price had witnessed a strong uptrend in the early part of the year before declining substantially.

At writing, the silver price is trading near the mid-$80s. But the price is being monitored for the $78-$79 zone, which is a critical area for the next move.

The sentiment for the price of silver is also being affected due to various factors. Tensions between the U.S., Israel, and Iran are affecting the overall sentiment in the markets. During these times, the markets are usually moving between cash, commodities, and safe-haven assets.

It is observed that the value of the United States dollar is rising, and the dollar index is moving towards the 99 mark. The value of the dollar affects precious metals, as an increase in the value of the dollar makes precious metals less desirable for foreign investors.

As such, analysts are saying that the price of silver is at a high-volatility decision zone, where the direction of the price could depend on both the macro environment and technicals.

One of the major technical regions that analysts are looking at is the range between $89.50 and $91.50.

According to harmonic and QML indicator analysis shared by top trader Malibu, this zone acts as a major resistance cluster. In simple terms, the market has repeatedly reacted there, which suggests that a large amount of supply may exist in that range.

Many traders see it as a decision point in the structure. If the silver price manages to reclaim that band, the broader bullish trend could regain strength. But until that happens, the resistance continues to cap upward momentum.

This explains why recent rebounds have struggled to push higher even when buying pressure returns.

Source: X/Malibu

What the Silver Chart Is Showing

Looking at the charts, silver first experienced a large rally that pushed the price toward the $110 area earlier this year. After that peak, the market corrected aggressively and eventually stabilized.

Since the correction, price action has formed a series of lower highs, showing that buyers are still trying to regain control.

The first chart highlights a potential structure where the silver price could briefly bounce before deciding on its next direction. It also marks the $78–$79 area as a key demand zone, where buyers previously stepped in.

The second chart shows a similar idea. After a sharp drop, silver formed a recovery pattern and is now attempting to push higher again. However, resistance levels remain above, which means the market still needs stronger momentum to continue upward.

Together, the charts suggest the market is testing whether buyers are strong enough to defend support.

_****Gold Price Prediction: Analysts Say $5,150 Will Decide the Next Move**

_Source: _****X/Cali_XAUUSD

Where Silver Could Move Next

For now, the most important level sits around $78. If buyers manage to defend the $78–$79 demand zone, silver could begin forming a short-term bottom.

In that case, analysts believe the first rebound target would be around $85–$86, where recent rallies have slowed down.

If momentum builds after that, the next upside area sits near the $90 liquidity zone, which would also bring the silver price back toward the major resistance cluster around $90.

However, the downside risk is just as apparent. Thus, in case the price goes below the level of $78, the selling pressure may increase. At this point, the price may fall to the level of $74 and then $72 before the price starts rising again.

As of now, the silver price is at the middle point of the decision zone, where various factors like support levels, the strength of the dollar, and geopolitical issues could decide the direction of the next big move.