Analyst Rashad Hajiyev predicts a significant surge in silver prices, expecting that after a brief consolidation around $100, by March 2026, silver could soar to $130-$140. He pointed out that previously, silver prices increased by 54% over 73 days, which may indicate a new upward trend. The current chart shows that if the price breaks above the ascending wedge pattern, it could push up to $96, or even break the three-digit mark. This rally is mainly driven by strong industrial demand, especially from the artificial intelligence and electronics sectors, while mine output has failed to meet consumption needs for the fifth consecutive year, leading to supply shortages.
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Analyst Rashad Hajiyev predicts a significant surge in silver prices, expecting that after a brief consolidation around $100, by March 2026, silver could soar to $130-$140. He pointed out that previously, silver prices increased by 54% over 73 days, which may indicate a new upward trend. The current chart shows that if the price breaks above the ascending wedge pattern, it could push up to $96, or even break the three-digit mark. This rally is mainly driven by strong industrial demand, especially from the artificial intelligence and electronics sectors, while mine output has failed to meet consumption needs for the fifth consecutive year, leading to supply shortages.