The US-Iran war has caused the precious metal to portray major volatility. The precious metals are now witnessing distressed times as gold falls back to hit $5K, while silver plunges to explore double digits again. Will the silver price be able to regain some of its lost momentum? Experts truly think so.
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Silver Price Update: $105 Price Surge On Cards
As per the latest update shared by Rashad Hajiyev, a notable metal expert, the silver price has been through the brutal cleansing, with its price chart now showcasing a surge to $105K.
“In fact, after such brutal cleansing, silver could surge back to the $105 level pretty quickly and then higher and higher…”
The price of silver tumbled due to a variety of factors. Due to the ongoing war narrative, investors are now expecting the Fed to keep the rates higher to fight inflation. This development is also impacting the price of silver, hitting it the hardest. Moreover, the investors are also at a stage where they have been selling their assets to book early profits. This is also triggering a fall in silver prices as of late. Weaker global demand and a pivot towards USD are also some notable elements impacting the price of silver as of late.
Per Hajiyev, the silver price must cross the $85 price level to claim higher price spots without further hindrances.
“Silver broken support is acting as a resistance and needs to regain the $85 level to get out of the woods. Waiting …”
What About Gold?
Per Hajiyev, Gold is also trying its best to stay on the top of the market radar. Hajiyev shared that gold may soon hit the $7K to $8K price mark given the current global circumstances. For silver, the expert forecasts a triple-digit range of $280, which the assets may hit sooner rather than later.
“I believe that the major dance of metals in 2026 is about to commence with gold going to $7k – $8k and silver $240 – $280. The run is going to be very fast and very steep in my opinion. After silver testing $121, investors do not think of a triple-digit silver as something impossible…”
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