XAG – Silver is in a small rebound and big rise pattern in the medium term

London Silver's high this year was $36.89 in June and its low was $28.06 in April. Technically, it has risen from $24 since the breakthrough resistance in March 2024. At the beginning of this month, it replicated the trend again, consolidating first and then breaking through. This time it reached a high of $36.89, testing the level of February 2012. Using the Scale target, you can see 40.8; if you use the parallel channel resistance, it can be $41.3, and the long-term target tends to test the historical high, which is the high of $49.51 in April 2011. If you look at the Gann fan, the target is $50. During the consolidation stage of London Silver, you can use options or follow up the market with spot or futures after the breakthrough.

It is estimated that although the trend of silver is not as good as platinum, it should be more popular than gold. It can stand out in the early consolidation and later. Short-term investors may use the 25-day moving average of 34 as the profit-taking boundary, medium-term investors use the 50-day moving average of 33.15, and long-term investors should aim for a new high.

Silver's short-term trend is in the overall, and the medium-term is in a small rebound and big rise pattern. This week's expected trend is between $35.55 and $37, with upward resistance at $37.60 and $38.40, and support levels at $35.15 and $34.80. Today's volatility can refer to $35.60 to $36.60 and $37.

Platinum's trend broke through the resistance trend line of 1031 on May 20, 2025 and reached a high of 1303.81, which is the level of February 16, 2021. Technically, it broke through a large sensitive triangle pattern, and at the same time, it broke through the consolidation stage from 2022 to this year. With these super powerful technical trends, it is estimated that the long-term trend may tend to test the historical high. The historical high of platinum was $2,290 in March 2008. So from the perspective of precious metal products, platinum should be the only one! After a clear breakthrough, platinum can be hammered out for the first bet and then increase the bet every time it is adjusted. At this stage, it is expected that there will be adjustments around $1,100 to $113, and you can consider buying again. If you look at the Gann fan, the target is $1,500. The current resistance is $1,285 and the 2021 high of $1,336.

Palladium's high and low this year are $1,090 and $881, and it is currently fluctuating around the low level of $1,030. If it continues to develop steadily this week and breaks through $1,100, it is estimated that the next target tends to test $1,500, which is estimated to be a slower heat!

London Silver June 16-20 Forecasted Volatility:
Resistance 36.60 – 36.95 – 37.30 – 37.65 – 38.40
Support 36.20 – 35.90 – 35.55 – 35.15 – 34.80

London Silver June 16
Forecast Early Volatility: 36.10 – 36.45
Resistance 36.65 – 36.95 – 37.30
Support 35.95 – 35.60 – 35.30

iShares Silver Trust Silver Holdings:
June 2 – 14,351.82 tons
June 3 – 14,416.65 tons
June 4 – 14,552.37 tons
June 5 – 14,672.53 tons
June 6 – 14,709.29 tons
June 9 – 14,656.98 tons
June 10 – 14,689.50 tons
June 11 – 14,729.08 tons
June 12 – 14,729.08 tons
June 13 – 14,675.36 tons

Any questions? contact our professional analysis team