Silver Technical Analysis Report 30 December, 2025
Silver can be expected to rise further to the next round resistance level 80.00 (which revere the price earlier this month).
- Silver reversed from support zone
- Likely to rise to resistance level 80.00
Silver recently reversed from the support zone located between the round support level 70.00, support trendline of the sharp daily up channel from November and the 38.2% Fibonacci correction of the previous sharp upward impulse from November. The upward reversal from support zone continues the active short-term impulse wave 3 – which is part of the sharp upward impulse sequence (3) from the end of November. The price earlier broke out of the sharp narrow up channel from November – which signals the acceleration of the daily uptrend.
Given the prevailing daily uptrend and the continuation of the panic purchaseing on worries of limited supply from China, Silver can be expected to rise further to the next round resistance level 80.00 (which revere the price earlier this month).
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