Silver is trading near $87 after a sharp pullback from the $103 monthly high, cooling short-term momentum but holding well above last year’s $31 zone.
Despite the recent -4% daily drop, the broader structure remains bullish with price up over 170% year-over-year.
Volatility is elevated, reflecting both safe-haven demand and sensitivity to industrial outlook shifts.
If silver stabilizes above the $85–$87 area, continuation toward previous highs remains possible.
However, failure to hold this zone could open room for a deeper retrace toward the $80 psychological support.
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