Silver Tags $39, Key Resistance Level To Watch For Bulls

The commodity silver ran into major resistance in the last week. In the chart above, there is a trendline that connects all the major pivot highs perfectly, starting back in 2022, connecting through the highs of 2023 and 2024. Each time silver hit this ascending trendline, it pulled back sharply. Silver just tagged this trendline in 2025.

Based on this, investors should be cautious until this trendline on silver is broken to the upside. Until then, it must be respected.