Silver price technical analysis points to key support and recovery targets

Technical analysts are monitoring silver prices as the metal trades near $66, with various projections regarding its recovery or further correction. MCO Global suggests that a support zone between $49 and $60 has held, potentially signaling the start of a larger recovery. If this bullish trend continues and clears resistance levels, analysts point to targets of $74, $81, $89, and $102, with a long-term Elliott Wave projection reaching as high as $190.

Other technical assessments highlight a key demand zone or breaker block between $64.30 and $64.90. A positive reaction from this area could shift market structure toward previous swing highs. Conversely, a decisive close below this zone may weaken the bullish outlook and lead to further downside liquidity searches.