Silver Prices Eye $72 as Industrial Demand Remains Strong

Silver prices are currently trading near $66.6 following a sharp correction from multi-week highs of around $71.

The metal is consolidating just above immediate technical support, with critical support layered around the $65.50 pivot point that converges with an ascending trendline from late July lows.

If silver breaks below this floor, it risks exposing deeper downside targets toward the $62.20 region.

Bulls need to clear Monday's high at $67.47 and break past the broader $71.00, $71.75 resistance zone to revive larger upward momentum toward the 200-day SMA near $72.64.