Silver Price Surges to Historic High Above $80, Indicating Major Market Shift
- Historic Milestone: Silver prices surged above $80 per ounce in early 2025, currently trading at $82.4, reflecting a significant 3.94% increase from the previous session, indicating a major shift in global commodity markets driven by complex interactions of industrial demand, monetary policy, and geopolitical factors.
- Industrial Demand Surge: As a critical component in photovoltaic panels, electric vehicles, and 5G infrastructure, sustained industrial demand underpins this price rally, showcasing the robust momentum of the global transition towards electrification and green technologies.
- Supply Constraints Intensify: Mining output faces challenges such as declining ore grades and rising operational costs, while investment demand through physical bullion and ETFs provides consistent support, creating a potent bullish scenario in the market.
- Market Structure Evolution: Strong trading volumes across major commodity exchanges indicate deep institutional participation, while attention to registered silver warehouse stock levels highlights a trend of withdrawals, creating a tight physical supply scenario against a backdrop of strong demand.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.061 | 0.0687 | 0.0775 | 0.0852 | 0.094 | 0.102 | 0.111 |
| Fibonacci | 0.0687 | 0.075 | 0.0789 | 0.0852 | 0.0915 | 0.0954 | 0.102 |
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