Silver Tests $65 as Bulls Eye a Move to $73

The silver price has dropped from around $71 down to the $63 zone. It’s currently trading at about $64.16 on the 2-hour chart, there’s a double-bottom pattern with a neckline at $63, and silver is holding above it. The daily chart shows a price near the lower edge of an ascending channel around $62.

So traders now have two clear levels to watch: $65 on the way up, and $62 on the way down. Those are the lines that matter right now. A move through either one could determine the next major direction for the silver price.

The silver price is testing a double bottom

We had a look at the silver 2-hour chart and the setup gives buyers a key level to keep an eye on. Silver ran from about $55 up to $71, then pulled back to $63. That drop created two lows near the same spot, which formed the double-bottom pattern marked on the chart. Now it’s all about whether that base holds.

Silver formed a solid double bottom. I think buyers should be stepping in more aggressively after yesterday’s cleansing… pic.twitter.com/pwgCITsDAw

— Rashad Hajiyev (@hajiyev_rashad) September 11, 2026

Rashad Hajiyev described the formation as a solid double bottom and said buyers could become more aggressive after the latest decline. The chart places the neckline at $63, and the silver price is now trading above that level at around $64.1590.

The next hurdle is $65. A break above $65 would confirm the pattern and put $66, $67, $68 and $69 in view. From there, $70 becomes the next psychological resistance, followed by $71 and $72.

The main target on the chart is $73. This comes from the measured move of the double bottom. The pattern has a height of roughly $10, based on the move from about $53 to the $63 neckline. Adding that distance to the neckline gives a target near $73.

Why $62 is the key level for silver

The daily chart gives the silver price another important level. At around $63.985, silver is trading close to the lower trendline of an ascending channel near $62. DeepValue Signals pointed to $62 as the level that needs to hold. 

$SILVER why ~$62 needs to hold…. pic.twitter.com/dlXS9xcigw

— DeepValue Signals (@DVSignals) September 10, 2026

The daily chart shows silver recovering from around $54 after falling from a much higher level near $121. That recovery has formed an ascending channel, with the lower trendline near $62 and the upper trendline around $74.

If the silver price holds above $62, the channel remains intact. If silver can reclaim $66 and then push above $68, the next stop is $70. After that, the upper channel boundary sits near $74. On the downside, a drop below $62 would put the whole setup under pressure. 

Silver price prediction: Can silver reach $73?

The silver price now has two clear technical paths. As long as silver holds the $62–$63 area, the ascending channel and double-bottom pattern remain in play. A move above $65 would give the reversal setup more strength and could open the door to $66, $68, $70, and possibly $73.

The bearish case begins if silver breaks below $62. That would invalidate the ascending channel and put $60, $58 and $54 on the radar. CoinCodex’s 1-month silver price forecast places silver around $69.27. That forecast puts the silver price above its current level near $64.16.

For now, it comes down to two levels: $65 and $62. If silver breaks above $65, the double-bottom pattern gets its confirmation, and $70 and $73 come into view. But if it drops below $62, the bullish setup starts to unravel, and the lower support levels come into play.