The post Silver Price Prediction: Analyst Warns a Drop to $64 Is Still Possible appeared on BitcoinEthereumNews.com.

Key highlights: Analyst says the silver price could still slide toward $64 if key support levels give way. The chart shows silver trying to build a rounded base, with $80 now acting as the level traders are watching most closely. Silver recently moved back above its 50-day moving average, but the overall structure still looks fragile. Silver is in a key position on the chart, and traders are awaiting its next move. After a strong move in the prior part of the cycle and a significant correction, silver is having difficulty stabilizing around the $80 area. The key issue is whether this is a real support level or if a further decline is in store. Market analyst Oren Elbaz recently highlighted this situation, outlining two possible paths. One scenario shows the Silver price forming a rounded base that could evolve into a loose cup-and-handle pattern. The other warns that a drop below $64 would signal a deeper correction that could last into the summer. A rounded base may be forming The chart shows that the Silver price took a sharp drop after hitting a local peak earlier this year, sliding down toward the mid-$60 region. The move looked like a classic capitulation moment, where selling pressure accelerated before buyers finally stepped in and slowed the decline. The big question for #Silver right now, is whether it will find a bottom here, or set a lower low (below $64 an ounce). Bottoming at around $80 an ounce is actually quite bullish, and can be treated as a wonky cup and handle formation (yes, I know it’s not a textbook formation,… pic.twitter.com/xlYeVrus0K — Oren Elbaz (@thesilverhermit) March 4, 2026 Since then, silver hasn’t bounced back in a quick v-shaped recovery. Instead, it’s been slowly carving out a rounded base with a series…

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Filed under: News - @ March 6, 2026 4:24 pm