I asked if silver would hold above its critical support level in an August 13, 2026, Barchart article, where I concluded with the following:
Time will tell if silver can hold its critical technical support at $50.36 per share. Given its volatile history and current bearish trend, a false break and spike bottom could be on the horizon. Silver prices are likely to follow gold, which has also been in a bearish trend since its all-time high in late January 2026. Interest rates, the U.S. dollar and other fiat currencies’ strength or weakness, and sentiment will determine whether silver is close to a bottom and whether its long-term bullish trend will remain intact over the coming days, weeks, and months.
