Silver (XAG) Price Forecast: Silver Enters Consolidation Phase With $75–$80 Support and $95 Resistance in Focus
The post Silver (XAG) Price Forecast: Silver Enters Consolidation Phase With $75–$80 Support and $95 Resistance in Focus appeared on BitcoinEthereumNews.com.
Silver prices have entered a consolidation phase after a volatile January 2026, climbing from below $40/oz on MCX to over $120/oz in Shanghai futures before a 26% one-day drop on January 31. Analysts attribute the swings to technical factors like leveraged futures and speculative activity, combined with macroeconomic pressures such as anticipated U.S. monetary tightening, with some forecasts suggesting silver could test $50/oz under extreme conditions. Silver’s Market Structure Holds Amid Pullbacks Despite recent declines, silver maintains a broadly bullish structure. Technical analysis of MCX and COMEX futures suggests that the $75–$80 per ounce range corresponds to prior consolidation zones and historically high trading volumes, indicating strong buyer interest. Silver remains in a bullish structure, with strong buying support at $75–$80 and resistance near $95, making pullbacks potential buying opportunities. Source: fx_hunter99 on TradingView Pullbacks into this range are often interpreted as potential accumulation points for institutional and retail traders. A market analyst specializing in commodities noted that maintaining levels above $75/oz is critical for preserving the bullish trend in the short term. Immediate resistance is observed near $95/oz, a level previously associated with profit-taking and elevated short-term selling interest. Traders are likely to monitor this zone for potential rejection or breakout activity, which could influence short-term market direction. Regional Divergence Signals Market Pressure Silver prices show a notable divergence across regions. As of late January 2026, SHFE contracts traded at roughly $120/oz, while Western spot prices and COMEX futures remained closer to $85/oz. This roughly 40% difference reflects both contract specifications and local market conditions rather than pure arbitrage opportunities. Factors include capital controls, settlement currency differences, and regional industrial demand. Shanghai silver futures hit ~$120/oz, sharply above Western spot at $85/oz, signaling regional supply-demand gaps. Source: XAG via X Market analysts emphasize that such divergences should be interpreted…
Filed under: News - @ February 1, 2026 7:18 pm