A TECHNICAL UPDATE ON SILVER IN $ DOLLAR TERMS-12.1.2026

 

SILVER IN $ DOLLAR TERMS

 

Open—76.69--High---80.49---Low—75.52--Close---79.92 on 9.1.2026. 

All-Time High:-$82.67 made on 7.1.2026.

Recent Low:-$70.56 made on 29.12.2025. 

Support:$.73.87/71.45/70.59/70.56/64.52/60.83/56.50/54.46/54.38/50.62/49.37/48.64/47.55/46.88/45.56.------ 

Resistance:$.81.86/82.67/84.93/85.06/86.17/88.82/96.91/111.15/100.09/118.33.

(Bold and underlined figures are most important). 

It is in the strong long term uptrend now and the overall technical setup looks good for the continuation. At present it is oscillating in the range of $82.67---79.81----73.91----71.45(some figure may change) for some time and breakout on the either side will decide the further direction but as of now the bias is up. But please note that break & sustained close below $79.81 will push it into short correction mode, break & sustained close below $73.91 will make the correction slightly deeper and finally break & sustained close below $71.45 may dampen the chances of up-move and it may head down further. It is important to mention here that to keep the hope alive for a continued up-move in the year--2026 it has to sustain above $71.45 on the closing basis, else it may start to drift down and moving down its broad support points could be at $68.49—64.12—59.74—54.32----52.98 (for in between support points ,see the support table on the upside) it may bounce back from any of these points but break & sustained close below $52.98 can drag it down to $45.56 levels or lower, which may please be noted. 

Similarly if it moves above $81.86 and sustain on the closing basis then the broad upside target or resistance points could be $ 84.93---86.17---88.82—96.91---100.09—111.15---118.33. It is important to mention here that to keep the strong up-momentum going in the year-2026 it has to sustain above $81.86 on the closing basis, else it may signal weakness. It is in the strong long term uptrend now, so the bias is strongly up as of now. 

IMPORTANT NOTE: - THE TECHNICAL SETUP IS VERY STRONG AS OF NOW FOR THE CONTINUATION OF THE UP-MOVE AND IT IS IN THE STRONG LONG TERM UPTREND. BUT, FEW IMPORTANT TECHNICAL INDICATORS SPEAKS OTHERWISE AND IT MAY GET INTO CORRECTION ANY TIME, THEREFORE IT IS SUGGESTED TO BE ALERT, WATCHFUL AND CAUTIOUS IN YOUR TRADE. PLEASE DO NOT TRADE OR INVEST WITHOUT STOP LOSS.

NOTE: - It is a technical assessment as of now, the technical interpretation changes with the price movement and time; therefore it has to be reviewed at regular intervals.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. This is purely for educational purpose only. 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 

Note: Price stated here are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.