Silver (XAG/USD) Price Forecast: Wyckoff Accumulation and Geopolitical Tensions Fuel 5% Rebound
Silver prices have surged 5% amid institutional accumulation and safe-haven demand, with technical patterns suggesting further upside. The metal held critical support at $71.21 across multiple sessions, displaying hallmark Wyckoff Model 2 spring characteristics—increased volume and improving RSI momentum often precede markup phases.
Traders executed precision plays around the $30.50-$32 range, achieving 2.5:1 risk-reward ratios. CFTC data reveals a 3% weekly increase in net long positions, reinforcing institutional interest. Industrial demand and geopolitical tensions provide fundamental tailwinds, while 4-hour charts show higher lows signaling consolidation before potential continuation.