Silver at a Crossroads: $68.88 Will Decide the Fate of the Precious Metal
Silver (XAG) is attempting to reclaim the $69 level after a nearly 3% bounce, but the metal is still trading 45% below its January high and has found itself at a key level that will determine its next move.
This local rally coincided with easing tensions in the Middle East, as the ceasefire between the US and Iran has held for several days. Meanwhile, a stronger dollar and the cautious policy of the Federal Reserve continue to pressure the precious metals market. As a result, silver is caught between attempts to recover and the risk of a deeper decline.
Why Robert Kiyosaki is watching silver but not rushing to buy
On Monday, the price of silver (XAG) rose to $66.7 — an increase of nearly 2.8% in a single day. This growth occurred against the backdrop of the ceasefire, which reduced demand for safe-haven assets and supported the precious metals market earlier.
Robert Kiyosaki, author of the book "Rich Dad Poor Dad," stated this week that he does not yet plan to increase his investments in gold, silver, bitcoin (BTC), and Ethereum (ETH). In his view, the macroeconomic situation is decisive, not the current price decline. Kiyosaki did not specify target levels or specific entry timelines.
Key Level — $68.88
On the four-hour chart, silver has fallen below the 0.618 Fibonacci retracement level — $68.88 — and is now attempting to recover above it. This level has become the point on which the future direction of the trend depends.
Independent 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.
If quotes consolidate above this zone, the bounce will have prospects for continuation. Until then, silver remains in a corridor between support at $63 and resistance at $71.
XAG Forecast: Everything Depends on the $68.88 Level
The daily chart shows that silver has been in a sustained downtrend since January. New lows have formed almost immediately after peaks near $96 and $89. The price is now 45% below the all-time high of $121.76: the correction is deepening. The RSI (Relative Strength Index) indicator has risen to the 40 level but has not yet crossed the neutral 50 mark.
A recovery above $68.88 would shift market focus first to $79, and then to the resistance zone at $89. If the level is lost, silver could be pushed back to $55 — the 0.786 Fibonacci retracement level, coinciding with long-term support.
The $68.88 level will serve as a benchmark that a reversal must overcome. Kiyosaki is counting on it. If the week closes above this mark, it could signal the start of a market reversal. A deviation from this level would leave the structure bearish.
For now, the initiative remains with sellers — silver needs to consolidate above the designated zone.
Expert Opinion: Silver is in a classic zone of uncertainty. The $68.88 level is not just a technical mark but a psychological barrier for bulls. As long as the macroeconomic backdrop remains unfavorable (strong dollar, tight Fed policy), any break below $63 could trigger an accelerated decline to $55. Investors should wait for a clear consolidation above $71 before considering long-term positions.