Silver Price Forecast: Key Targets and Market Dynamics
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BTCCSquare news:
Silver's recent surge has captured market attention, briefly surpassing Nvidia in market capitalization. The metal now trades at $77 after hitting an all-time high of $80, with analysts eyeing further gains amid geopolitical tensions.
Bank of America projects long-term targets between $135 and $309, citing industrial demand as the primary driver. Goldman Sachs warns of near-term volatility due to supply constraints, creating a bifurcated outlook for the metal.
Technical analyst Rashad Hajiyev notes silver has broken a 45-year cup-and-handle formation, validating his earlier $70 prediction. The breakout suggests continued momentum, though the path forward may prove volatile.
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