A 46-year support level comes into play for silver, Peter Spina notes

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A 46-year support level comes into play for silver, Peter Spina notes — Silver nears major 46-year support level

A more than 46-year technical support level is now relevant for the silver market, raising questions about future price direction.

Peter Spina, CEO of GoldSeek.com, described this as a key moment and suggested he expects silver to hold its support. Spina questioned whether this could be an attractive entry point for buyers if silver is in a true bull market or if bears will push the price below $50.

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Spina previously identified silver as a strong buy at current price levels, citing rising mining costs and a higher all-in sustaining cost range of $25–35 per ounce in recent commentary. In a separate analysis, he observed a near 4% climb in the Dow following the closure of the Gold window last year. Both observations frame the current debate on where silver prices may head next.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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