Silver Surges to New Record High, Approaches $90, Sets Sights on $100

Silver extended its upward trend on Tuesday, hitting a new all-time high of $89.10 after gaining nearly $6 for the day, despite warnings from overbought daily technical indicators.

The metal continues to benefit from rising safe-haven demand, while strong industrial demand and tight supply provide additional support.

Bulls are now approaching the psychological $90 level, with the $100 barrier coming into focus as a significant medium-term target.

Technical indicators remain strongly bullish across multiple timeframes, though overbought conditions suggest the potential for headwinds near $90. Traders should also remain mindful of the possibility of sharper corrections as silver nears the $100 resistance, which represents a major technical hurdle.

Res: 89.10; 90.00; 91.30; 93.11
Sup: 87.22; 85.42; 83.40; 82.73