Silver prices rose on Monday, testing the $87 level. The market is attempting a move higher, with the $90 mark acting as a key resistance point.
Analysts view short-term pullbacks as buying opportunities. The $80 level offers support, backed by the 50-day Exponential Moving Average (EMA). Many traders watch this indicator closely.
A break above $90 could open the path towards the $100 level. However, experts believe the $90 barrier will be difficult to overcome. The market shows general bullish sentiment.
The silver market is still recovering from past volatility. Staying above $70 gives the metal a strong chance for further gains. Traders should expect price swings and buying opportunities on dips.