Read more
12:35 PM · 7 May 2026

Silver surges 3% 📈Precious metals bull market momentum is back?

Silver is gaining more than 3% and approaching the $80 per ounce level. Since the local low near $62 per ounce, the price has already climbed more than 25%, supported by a weaker US dollar, falling Treasury yields, and solid global industrial data. Silver is also breaking above the EMA50 (orange line) for the first time since April 17.

Source: xStation5

Looking at silver on the hourly timeframe, the chart shows a triangle formation, where the base scenario points toward an upside breakout. Such a move may already be unfolding, although the $80 area could still act as an important resistance zone, similarly to the $82–83 range, where the latest local peak is located.

Source: xStation5

7 May 2026, 1:41 PM

Market wrap 🚨Oil slips below $100 supporting optimism across European and US stocks

7 May 2026, 12:52 PM

Chart of the Day: EURUSD Higher, but Still a Game of Expectations, Not a Trend

7 May 2026, 12:45 PM

NOK surges following Norges Bank's rate hike

7 May 2026, 10:05 AM

BREAKING: Strong data from the German manufacturing sector!

The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.