Quote:Wow!! Silver almost at $65 this morning high of $64.96 so far.
I wonder what's going on..
Okay I lied, of course I know what's going on.
I wrote the post below on July 06, 2026 at around 3pm, unfortunately I forgot how to link to prior posts so I copied the whole long winded explanation thing.
It took over a month for this to finally happen, no thanks to all the economic and geopolitical drama, but finally it's happening.
If any of you are trader's, trading your silver for something else, now is the time, you might want to use this to plan your next move.
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Well from a technical charting perspective, Silver should see $65+ before it ever sees $51.. I'll explain why.
Silver recently lost 2 key levels of support, first it lost $70 after months above it, then it lost $65.
$70 coincidentally was near Silver's 200 DMA.. Silver lost $70 and the 200 DMA, but then it retraced back above it a few days later, but couldn't hold it, so it continued lower, path of least resistance. That's normal price action.
$65 really has not been through this 'retest' as a key Support level, at least not yet. Almost every single equity that is traded has some sort of retest when it loses key Support, the retest either fails and goes lower or succeeds and skyrockets higher.
If Silver could just catch a break in the form of a reprieve from all the economic and geopolitical events that are weakening the metals, then, and only then, I think that Silver will not only retest and get above $65 but could possibly even retry $70.
Remember, first Silver has to re-test and get above $65, the caviat is that it has to hold above $65 and go higher, otherwise it's look out below..
Again, this is a technical price action, it's a process, one that trader's and the market looks and wait for as a confirmation of wether something continues to go higher or lower. This process could take days, weeks or months, but it needs to happen.
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Posted 08/05/2026 10:37 pm
Copper is rolling at the moment though, just not at the same clips we saw the big metals at. 
high of $64.96 so far.
", "Silver to $20 now" and "No more dancing fruit, or else 
", a few of the Bears have even been spotted with pitch forks and torches. We'll keep you updated throughout the day and keep checking the spot prices for you. This could get ugly."
