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Silver moves higher amid market anticipation

Technical Analysis
By Ahmed Ashraf
Silver moves higher amid market anticipation
0 6

SILVER

الذهب 13-5-2026

Silver is trading below $89 resistance, with prices likely to move sideways between that resistance and $80 support in today’s trading.

Support

 80 73
Resistance 89

96

Silver delivered a strong performance during today’s trading, supported by safe haven demand and continued buying momentum across the metals market, as Middle East geopolitical tensions pushed investors toward alternative hedging assets, while elevated US inflation continued to reshape expectations for US monetary policy.

Although dollar strength usually weighs on metals, silver showed notable resilience near elevated levels around $86 per ounce after a strong rally, reflecting sustained buying appetite supported by industrial demand from technology and clean energy sectors. With markets still highly sensitive to developments around Iran and the Strait of Hormuz, silver appears well positioned to maintain firm trading, although short term volatility is likely to remain elevated.

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Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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