Silver Today, December 26: Record Rally Eyes $66 Key Resistance
Silver price today sits near record territory after more than doubling in 2025. Momentum has stayed hot since August, and traders are focused on the reaction around $65.88 into year‑end. For Canadian investors, moves in XAG/USD and the loonie both matter for local quotes. We break down silver resistance levels, why the trend remains strong, and how to plan entries and risk. Here is what the recent surge means for positioning into early 2026.
Technical setup into year-end
Relative Strength Index (RSI) has held above 70 since August, signaling strong trend power. A “silver RSI overbought” reading does not mean an immediate drop; it often marks persistent upside in momentum markets. Dips have been brief and bought quickly. For context, the XAG/USD breakout structure remains intact while higher highs and higher lows continue. See the anatomy of the move on this detailed review source.
The first test is the $65.88 zone, where offers may cluster and profit‑taking can appear. A clean daily close above $66 would confirm continuation and opens a run toward $70. These silver resistance levels matter because crowded longs may react quickly. If buyers absorb supply, an XAG/USD breakout and hold above $66 could extend the uptrend into January.
The strongest nearby floor sits near $51.86. That area aligns with prior consolidation and breakout retests. As long as price stays above it on closing bases, the uptrend bias holds. Deeper pullbacks could stretch toward the low‑$50s without breaking the bigger picture. For traders watching silver price today, monitoring how candles behave near this shelf is key.
Drivers behind the surge
Silver is essential in solar panels, EV components, and electronics. Tight supply and steady fabrication demand have fueled the advance. Canada’s growing clean energy buildout, plus North American reshoring, supports a stronger long‑term bid. While investment flows swing, industrial orders help underpin the tape, which is why silver price today can hold gains even during brief risk‑off days.
A softer US dollar and expectations of easier policy have supported precious metals. If yields drift lower, the carry cost of holding silver eases, helping dips get bought. For Canadians, CAD moves can cushion or amplify swings in local quotes. Hedged products can reduce currency noise when trading moves linked to XAG/USD breakout dynamics.
A notable factor was October’s historic squeeze that accelerated the upside, as noted by industry coverage source. Shorts were forced to cover as momentum funds added exposure. That feedback loop pushed price into record territory. With positioning still elevated, quick air‑pockets can appear, but strong demand on dips has kept sellers on the defensive so far.
What it means for Canadian investors
Canadians can use TSX‑listed bullion ETFs, closed‑end trusts, or mining equities for equity beta. Some brokers offer COMEX futures and options for direct exposure. Physical bars and coins from local dealers price in CAD with premiums. Silver price today is quoted globally in USD, so know how your product handles currency and storage fees before placing trades.
Silver can move several dollars in hours. Use position sizing, limit orders, and clear stop levels. Many traders anchor risk around $51.86 support and recent swing lows. If price nears silver resistance levels, consider trimming, trailing stops, or option collars. Keep leverage modest and avoid holding concentrated positions into high‑impact macro releases.
Two simple plans: buy‑the‑dip above $51.86, or trade a confirmed break and retest over $65.88. For a breakout, wait for a daily close and reduced spreads before scaling in. Options on bullion ETFs can cap risk. If the XAG/USD breakout fails, exit quickly to protect capital, then reassess structure and momentum strength.
Scenarios for early 2026
A strong weekly close above $66 with rising volume could target $70 to $75, especially if RSI stays firm without negative divergence. Improving manufacturing surveys and stable energy costs would support throughput. In that setup, silver price today may remain bid on shallow pullbacks, and pullback buyers could lean on intraday moving averages for entries.
After a record run, price may chop between about $52 and $66, building a new range. Consolidation would reset momentum and shake weak hands. Swing traders might favor mean‑reversion tactics and covered calls on ETF holdings. Patience matters here, as breakouts that follow bases often travel farther with cleaner trends.
A sharp growth slowdown, stronger USD, or tighter policy could knock price below $51.86. That would signal a trend change and expose $48 to $45. Miners would likely underperform bullion on the downside due to operating leverage. If this risk path starts, reduce exposure, raise cash, and wait for basing patterns to re‑form before re‑entry.
Final Thoughts
Silver price today reflects a powerful trend built on tight supply, strong industry use, and relentless momentum. We are watching $65.88 as the key near‑term battleground. A sustained break points to $70+, while a hold below keeps choppy range risks alive. The first major floor sits near $51.86. For Canadian investors, choose the right vehicle, manage currency impact, and size trades prudently. Focus on confirmation: buy dips while the trend holds, or trade post‑breakout retests with defined stops. If conditions shift, step aside and protect gains. Process beats prediction, especially at record highs.
FAQs
Check reputable market platforms that display spot XAG/USD and CAD‑converted quotes. Many Canadian brokers and bullion dealers show live prices and premiums. Cross‑reference at least two sources for accuracy, and watch the USD/CAD rate since it affects local pricing even when the global silver price today barely moves.
In strong trends, an over 70 reading signals momentum, not an automatic reversal. During persistent advances, RSI can stay elevated for weeks while price climbs. Look for bearish divergence, slowing volume, or failed breakouts as better signals than a standalone “silver RSI overbought” reading before considering trims or hedges.
The market is focused on the $65.88 area first, then a clean close and hold above $66 that could open a run toward $70. Watch intraday reaction, spreads, and volume on tests. If price rejects those silver resistance levels repeatedly, expect range trading and deeper dips toward the low‑$50s.
Consider CAD‑hedged ETFs to reduce USD/CAD swings, or pair an unhedged bullion position with a small FX hedge. If you buy physical, remember the all‑in cost includes premiums and taxes. For trading vehicles, read the prospectus to confirm how currency exposure is handled and how tracking error may appear.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
