Silver is currently trending from all sides, as precious metals are now soaring as the safest hedge options available right now. While golf seems to be preparing to go parabolic soon, silver, on the other hand, is also working its way to the top. With experts forecasting bullish predictions, here’s how silver prices may end up performing in the near future.

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Silver Price Forecast: The Metal’s New Pathway

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Silver has emerged as one of the leading hedge options, a metal that is now gaining rapid momentum. Per Gold Predictors, a metal price prediction platform on X, silver has recently hit a major breakout zone. The metal seems to be testing its long-term resistance levels, and a break above these lines may help silver cap a new high soon.

“#Silver hits a major breakout zone! Price is now testing long-term resistance that capped rallies in 2016 and 2020. A clean break above this line could ignite the next explosive leg higher.”

At the same time, Rashad Hajiyev, another leading metal expert, has shared a stunning silver price forecast for this cycle. Per Hajiyev, silver is heading for a new price high of $48 to $49, which the metal can easily breach in the near future.

The Highest Point For the Metal to Scale?

Hajiyev later shared another striking forecast, adding that the silver price may first consolidate before it begins its ascent again. The expert later added that the metal may form a double top, eventually helping silver prices to top a new level of $57 to $67 in the long haul.

“I expect silver to head to the $48-49 level, where it most likely pauses for a week or so. At which point most of the investors will be convinced that the rally is over and that silver is about to form a double top standing from 2011. However, I believe the most interesting starts once silver blasts through all-time highs. I expect silver to end anywhere from the $57 to $67 level. This post is not investment advice.”

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