Silver Rally – All-Time Highs Within Reach

Yesterday's price action in silver was impressive: From a base around $33.00, the precious metal surged to nearly $34.70, coming within striking distance of its all-time highs.

Today, we’re seeing a healthy consolidation. Silver already tested the $34.00 level in pre-market trading after briefly breaking above the highs from March 2025.

The outlook remains bullish. With gold also showing strong momentum, silver may soon break through the key resistance at $34.80, marking new historic highs. A sustained move above this level could trigger another wave of upside.

On the downside, two key zones are worth watching for potential buying opportunities:

The $33.60 area as immediate support
The broader support zone below $33.00, which could attract buyers if a deeper pullback occurs

As long as gold doesn’t come under significant pressure, the bullish scenario for silver remains intact. Pullbacks into these areas may offer attractive entry points for long positions.

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