The upward movement predicted in the silver price chart analysis from May 26 (Chart Update Silver: Eight-Week Downtrend Broken) quickly materialized.
Over the course of the current week, the silver price increased by more than 8% and reached almost 36 US dollars at its peak. This surpassed the two highest values of the last 5 years (October 2024 and March 2025). Since mid-2022, the relatively wide blue trend channel can be derived, whose upper edge will reach the 40 US dollar range in the coming autumn.
Also interesting is the grey zone, which transformed from resistance to support.