Silver Prices at Critical Juncture as September Begins

Silver prices have experienced a strong recovery in August 2026, rising by approximately 15% to end the month at $66.845. The price has been holding above $66, with a session high of $67.099 seen on TradingView charts.

This significant increase marks a strong rebound from the mid-$50 area reached in June and July, where silver had started August near the upper-$50s before buyers pushed through key resistance levels at $60 and $62.

However, this rally has now reached a major monthly imbalance zone between $69 and $71. A decisive move above or below these levels could potentially determine whether silver continues to rise toward $80 or retraces back toward the lower levels marked on the weekly chart.