Silver Prices Surge 10.21% to $79.25 Amid Rising Demand and Supply Shortage
- Price Surge: On December 27, silver prices surged 10.21% overnight to a record high of $79.25, driven by increased consumption from solar panels, electric vehicles, and AI hardware, indicating a strong market demand for the metal.
- Supply-Demand Imbalance: Over the past year, silver prices have risen by 173.72%, while gold has only increased by 73.97%, with global silver production hovering around 1 billion ounces, yet a deficit of 115-120 million ounces is expected this year, highlighting a persistent supply-demand imbalance.
- China's Export Controls: China plans to impose new export controls on silver starting January 1, 2026, requiring government licenses, which may sideline smaller exporters and threaten to further restrict international supply in the short term.
- Rise of Tokenized Silver: Amid supply constraints and price increases, interest in tokenized silver has surged, with the tokenized version of iShares Silver Trust seeing a 1200% jump in monthly on-chain transfer volume and a 300% rise in holders over the past 30 days, reflecting strong investor demand for digital access to precious metals.
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Technical Analysis for ONDO
Technical Sentiment Analysis for Ondo (ONDO) As of , Ondo (ONDO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ONDO 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, ONDO 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 $-.
Ondo (ONDO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0937 | 0.148 | 0.207 | 0.261 | 0.32 | 0.374 | 0.433 |
| Fibonacci | 0.148 | 0.191 | 0.218 | 0.261 | 0.304 | 0.331 | 0.374 |
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