Silver at a Crossroads: Key Level $68.88 Will Decide the Metal's Fate
Silver (XAG) is showing an attempt to recover after an almost 3% bounce, but the market remains under pressure. The metal is still trading 45% below its January high and is at a critical level that will determine its future trajectory.
The local uptick coincided with a temporary reduction in geopolitical tensions in the Middle East, but a stronger dollar and hawkish rhetoric from the Federal Reserve continue to weigh on the precious metals market. As a result, silver is caught between recovery attempts and the risk of a deeper decline.
Robert Kiyosaki watches but is in no rush to buy
Famous investor and author of "Rich Dad Poor Dad," Robert Kiyosaki, stated this week that he does not yet plan to increase investments in gold, silver, bitcoin, and Ethereum. In his view, the macroeconomic situation is decisive, not the current price decline. Kiyosaki does not specify target levels or specific entry timelines — he is waiting for clearer signals from the global economy.
Technical analysis: the $68.88 level as a watershed
On the four-hour chart, silver has fallen below the 0.618 Fibonacci retracement level — $68.88 — and is now attempting to climb back above it. This mark becomes the point on which the further direction of dynamics depends.
Leading analyst Kamil Uray notes that support remains at the $63 level — this threshold is holding for now. If the price rises above $71, the path to resistance in the $77–89 range will open. Until then, silver remains in a corridor between support at $63 and resistance at $71.
XAG forecast: everything hinges on the $68.88 level
On the daily chart, it is evident that since January, silver has been in a steady downtrend. At peaks around $96 and $89, new lows formed almost immediately. The price is now 45% below the all-time high of $121.76, indicating an increasingly deep correction. The RSI indicator has risen to the 40 level but has not yet crossed the neutral 50 mark.
A recovery above $68.88 would shift market attention first to $79, and then to the resistance zone at $89. If the level is lost, silver could return to $55 — the 0.786 Fibonacci retracement level, coinciding with long-term support.
For now, the initiative remains with sellers — silver needs to consolidate above the designated zone to reverse the trend. A deviation from this level will keep the structure bearish.
Expert opinion: The silver market is currently in a classic zone of uncertainty. The $68.88 level is not just a technical mark, but a psychological barrier for market participants. If the week closes above it, we can talk about the beginning of a reversal. Otherwise, the bearish trend will continue, and $55 will become a realistic target for the decline.