XAG/USD Silver Price Forecast 2026: Silver jumped strongly early Friday, climbing over 7% and pushing past the $79 level. Traders are watching closely to see if this marks a real breakout or just a short-lived spike.
The metal had been stuck in a tight triangle shape for several weeks. In this pattern, price highs keep getting lower while lows keep rising. This squeezes the market and often leads to a sharp move once it breaks.
Silver hit resistance near $92 and $86 earlier this month, creating the top edge of the triangle. Now, moving above $79 gives buyers the upper hand. But experts say a true breakout needs strong volume and daily closes above that line. Quick jumps that fade away can fool traders and turn into false signals.
If the rise holds, the next big target sits around $86. That price acted as a strong selling zone before and might form a double top if sellers return. On the other side, if silver cannot stay above $79, it could fall back to support between $76 and $75. A drop below that might test $72.20, a level where buyers stepped in during past dips.
The chart gives clear points for risk control. Buyers hope for more gains above resistance, while sellers look for a rejection to push prices back inside the range.
Bigger forces are also at play. Geopolitical issues, including fresh news about Iran, have boosted demand for safe assets. Gold stays solid above $5,000, helping lift silver too.
Later today, the PCE inflation report – the Federal Reserve’s favorite measure – will come out. Lower inflation usually weakens the dollar and helps metals like silver. Higher numbers could raise bond yields and put pressure on non-yielding assets.
The outlook looks positive for silver buyers, but proof is needed. The inflation data may decide the next direction for this fast-moving market.
