Silver is trying to recover after a sharp sell-off, but the market has not yet received confirmation of a reversal. The metal gained almost 3% and rose to the $66–67 zone, but remains about 45% below its January all-time high.
The main intrigue now is around the $68.88 level. If buyers can push the price above this zone and hold it, the market will have a chance for a stronger rebound. If not, the decline may continue.
The Rebound Has Not Canceled the Weak Trend
The recent rise in silver coincided with easing geopolitical tensions. The truce between the US and Iran reduced demand for safe-haven assets, which had previously supported gold and silver.
But the situation for precious metals remains difficult. The dollar is holding strong, and the Fed maintains a cautious tone on rates. This limits interest in assets that do not provide yield.
Therefore, the current rebound still looks more like an attempt at stabilization rather than a full-fledged reversal. Buyers need to prove they can regain control of the chart.
Kiyosaki Is Waiting for a Market Signal, Not a Price
“Rich Dad Poor Dad” author Robert Kiyosaki said he is not rushing to buy more gold, silver, bitcoin, or Ethereum. According to him, the decision to buy should depend not only on price, but on the overall context.
This is an important point for the current market. A sharp drop alone does not make an asset attractive. If the trend remains weak, buying “just because it got cheaper” may be premature.
Kiyosaki did not name a specific price or give a timeframe. So for traders, the main reference point remains the chart. And on it, silver needs to reclaim the key zone to confirm a reversal.
The $68.88 Level Has Become the Scenario Boundary
On the four-hour chart, silver fell below the 0.618 Fibonacci level around $68.88. Now the market is trying to reclaim this mark.
This zone has become the technical boundary between recovery and continued weakness. Holding above it may open the way to the next resistance. An unsuccessful attempt to move back above the level will keep the bearish structure intact.
Analyst Kamile Urai highlights support around $63. As long as it holds, buyers still have a chance for recovery. A breakout above $71 could strengthen the move and open the road to the $77–89 range.
The Daily Chart Remains Under Pressure
On the daily timeframe, silver is still in a downtrend since January. The price has formed several lower highs, including zones around $96 and $89.
After the record near $121.76, the metal has lost almost half its value. This is no longer a typical correction within a strong rally, but a deep pullback that requires confirmation of a reversal.
The relative strength index has risen to the 40 zone, but remains below the neutral mark of 50. This suggests that buyers are coming to life, but have not yet gained a sustainable advantage.
What Happens If Silver Returns Above $68.88
If silver can hold above $68.88, the market will start looking at higher targets. The first zone will be around $79, then attention will shift to resistance near $89.
Such a scenario would show that sellers are losing control and the January correction could turn into a broader recovery.
For confirmation, it is important not just to briefly break the level, but to close above it. A weekly close will be especially significant. That could be the signal cautious buyers are waiting for.
Losing the Level Will Open the Way Lower
If silver fails to stay above the key zone, pressure may return. In that case, the next important area will be around $55, which coincides with the 0.786 Fibonacci level and long-term support.
This would be a painful scenario for the bulls. It would show that the rebound was technical and the market is not ready for a sustainable recovery.
As long as the price remains below $68.88, the advantage stays with the sellers. Buyers need not only to push the metal higher, but to hold it there long enough to change the trend structure.
Why Silver Depends on the Fed and the Dollar
Precious metals are sensitive to rate expectations. When the Fed speaks hawkishly, the yield on dollar instruments remains attractive, and demand for gold and silver decreases.
A strong dollar also hinders recovery. For buyers outside the US, the metal becomes more expensive, and some capital flows into currency and bonds.
That is why even geopolitical risks do not give silver unambiguous support right now. The market is looking not only at conflict news, but also at the cost of money.
What's Next?
Silver needs to reclaim $68.88 and hold above this zone. Then the market will have a chance to move to $79 and then to $89.
If the attempt fails, sellers will retain control and attention will shift to $63 and then $55. In that case, the decline from the January high may continue.
The main takeaway is simple. Silver has already fallen sharply, but that does not yet mean a reversal. The key level is around $68.88. As long as the metal is below it, the market remains vulnerable. A return above this zone will be the first serious signal that buyers are ready to change the picture.
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