Spot Silver Surges Back to $80 per Ounce

Spot Silver Prices Rebound Strongly

Recently, spot silver prices have shown a clear recovery, successfully breaking above a key resistance level and returning to the $80 per ounce mark.

Earlier in the day, silver prices had dropped sharply, with losses exceeding 16%. However, increased buying pressure later supported a rebound, narrowing the decline to 9%.

Market Analysis and Outlook

Analysts suggest that the silver rebound could be driven by multiple factors:

• Rising market risk aversion
• Technical oversold conditions triggering corrective moves
• A temporary weakening of the U.S. dollar index

Despite high short-term volatility, investor sentiment is gradually improving, with market focus on whether silver can sustain above $80.