Silver (XAG) Price Forecast: Silver Enters Consolidation Phase With $75–$80 Support and $95 Resistance in Focus
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