Silver prices reach a critical technical turning pointSilver (Jul 2026)CMCMARKETS:SILVERN2026cmcmarketsSilver prices have reached an important area of both support and resistance, and one way or another, it seems prices could be on the move. Currently, silver is converging around its 10-day and 20-day exponential moving averages and its 50-day simple moving average, between $74.50 and $76. Additionally, there is a strong support line for silver around $70. This support line has now been tested on a couple of occasions since the end of March. A break below support at $74 could prompt the silver price to test the more psychologically important 200-day simple moving average, currently rising around $66.90. A break of support at that level would be a significant negative for the commodity. However, if silver manages to hold support around the moving averages, it may rally towards a downtrend line established around $85, dating back to the beginning of March. Implied volatility for silver has been in a steady decline. This could indicate that the optimism and bullishness seen during the autumn and early winter continue to fade. Rising prices and implied volatility were consistent trends during that period and have served as a good leading indicator of the direction of silver over the past few months. A further decline in the VXSLV could strengthen the bearish case for silver even more. Written by Michael J. Kramer, founder of Mott Capital Management. Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.