Silver Update 18 November 2025

Some clear levels

Since we crashed lower on 22 October, price has reverted to an older trend in play since 20 August. Despite breaking out 3 times we have not consolidated outside of the trend. Support is therefore 49.70 and resistance 52.20.

We think Silver is going to build a higher low around these levels and volatility subsides. A wedge pattern with the double top should be the way to play this.

If we can get back to 54.50 again then price should blast through towards 60.00 and higher. Nothing’s changed in the background and a short squeeze into New Year is on the cards.

A loss of 45.50 negates the short term theory.