XAG - Silver (spot price)

Silver is testing its 200-day moving average at the $64-$66 support zone. If this zone breaks, Soloway sees a move down to $54 and eventually $50. He notes silver's parabolic move means it took longer to return to the 200 MA.

Silver may go lower in the near term but is extremely bullish long-term alongside gold as the dollar weakens through de-dollarization.

Throughout the video, Prehn advocates for owning silver in any form — physical, vaults, digital, or ETFs. He emphasizes the structural deficit, industrial demand megatrends, and silver's 5,000-year track record of preserving wealth as key reasons to accumulate.

Same forced selling dynamic as gold, plus silver has significant industrial demand that is already exceeding manufacturing supply. No new gold/silver mines opening, creating supply constraints.

Neutral-to-bullish short-term as long as $70 is not confirmed broken on a daily close. However, a textbook bear flag pattern suggests significant downside risk if confirmed.

If silver confirms a break below $70, Gareth sees an 80% probability of a decline to $50–$54, calling it one of the most perfect bear flags he's ever seen.

Silver described as 'gold on steroids' with 60% industrial demand from solar, EVs, AI infrastructure. Has been in supply deficit for 6 years. COMEX inventories draining. China restricting exports. Forecasts up to $150. Historically outperforms gold in bull markets.

Silver described as both monetary and industrial metal. Host notes it has been 'absolutely insane' in recent weeks and argues that in later stages of commodity shocks, silver moves faster and further than gold as the inflation story takes over.

Silver is forming a bear flag and was rejected at a key level. Gareth expects a retest of $70-71 and eventually sees it going down to $50-54 per ounce. He previously shorted silver successfully using the same DCA approach.

Silver has closed above $91-$93 resistance but the move is weak. Soloway is watching for confirmation of a breakout vs. a fake out. Even if confirmed, the broader mid-term pattern remains a bearish bear flag, making him cautious.