Silver Price Could Surge to $105 After Market Volatility
Silver prices face extreme volatility amid geopolitical tensions and macroeconomic shifts. The metal's value tumbled as investors flocked to the dollar and sold assets to lock in profits. Analysts now see potential for a rebound, with Rashad Hajiyev forecasting a surge to $105 if silver clears the $85 resistance level.
Gold mirrors the turbulence, retreating from its $5,000 peak as Federal Reserve rate expectations weigh on precious metals. Market sentiment remains fragile, with weaker global demand compounding the pressure on silver. Hajiyev's chart analysis suggests the current downturn may represent a brutal cleansing before the next upward move.