Silver targets $54.76 as bearish momentum accelerates after 2026 peak

Silver is facing renewed downside pressure in October 2026, with technical indicators signaling a potential test of the lower Bollinger Band at $54.76 by November, according to market analyst CyclesFan. The recent pullback follows a significant rally earlier in the year, but momentum has waned as selling pressure increases. CyclesFan, a silver analyst and active commentator on X, stated that silver could break below its lower weekly Bollinger Band in the coming weeks if current trends persist.

Source: CoinTurk News