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<p>Silver is at $56.92 today, up about 2% off the lows. But even with that bounce, it’s still stuck below the $57.50 resistance level. So traders are split, some think the drop is over, others say there’s one more dip left.</p>
<p>One analyst, MCO Global, says maybe both are right. He thinks the correction that started back in January is wrapping up. But he also says we could see one more fall to $49–$52 before things turn around.</p>
<p>And if that happens? He calls it a gift. One of the best buying spots before the next big up move. He still sees much higher prices down the road.</p>
<h2 class="wp-block-heading" id="why-the-silver-price-correction-may-be-nearing-its-end">Why the Silver Price Correction May Be Nearing Its End</h2>
<p>MCO Global sees <a href="https://captainaltcoin.com/silver-price-prediction-analyst-who-called-56-support-now-says-correction-isnt-over/" rel="noopener noreferrer nofollow">silver stuck</a> in a wave (4) correction, that’s the pullback that started after silver peaked near $120 earlier this year. If you zoom out, the drop has already eaten up a big chunk of the last rally. And now the silver price is right inside a key Fibonacci zone between $49 and $52.</p>
<blockquote class="twitter-tweet">
 <p><a href="https://x.com/search?q=%24SILVER&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SILVER</a><br>Silver's wave (4) correction that started in January is getting long in the tooth.<br><br>Another dip toward $52-$49 remains possible, but that zone could also be where the correction finally ends and wave (5) begins.<br><br>Break above $63.30 and the low might already be in. Targets… <a href="https://t.co/4xBA7pf3AD" rel="noopener noreferrer nofollow">pic.twitter.com/4xBA7pf3AD</a></p>— MCO Global (@moretradingonl) <a href="https://x.com/moretradingonl/status/2078945180606931171?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 19, 2026</a>
</blockquote>
<p>That zone matters because it’s where the 61.8% and 78.6% retracement levels are. Corrections often end there before the next push up. So another dip into that area? Not a problem. It could actually finish wave (4) and set up wave (5) to the upside.</p>
<p>On the chart, $63.30 is the line bulls need to take back. Break that, and the correction is probably done. Then the next targets come into play, $74, then $89, and if buying really picks up, $103.</p>
<h2 class="wp-block-heading" id="what-the-silver-chart-is-showing-right-now">What the Silver Chart Is Showing Right Now</h2>
<p>We had a look at the chart, and short-term momentum has started improving after buyers defended the $55-$56 area. The Ultimate Oscillator has climbed to 55.98, moving above the neutral 50 level. That points to improving buying pressure, although it remains well below overbought territory.</p>
<figure class="wp-block-image aligncenter size-large"><img width="1024" height="627" src="https://captainaltcoin.com/wp-content/uploads/2026/07/image-409-1024x627.png" alt="">
 <figcaption><strong><em>Source: <a href="https://captainaltcoin.com/go/tradingview-3/" rel="noopener noreferrer nofollow">Tradingview.com</a></em></strong>
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<p>The Stochastic is turning up too, %K at 78.81 and %D at 72.44. That tells us buyers have been in charge over the past few sessions. But those levels are getting high enough that sellers usually start stepping in to take profits.</p>
<p>Price action still needs more confirmation. The <a href="https://captainaltcoin.com/silver-price-alert-china-is-quietly-stacking-silver-at-a-record-pace/" rel="noopener noreferrer nofollow">silver price</a> remains below resistance near $57.50 and the more important barrier at $63.30. Holding above $55 keeps the recovery intact, but losing that support could open another move into the $52-$49 demand zone highlighted by MCO Global.</p>
<h2 class="wp-block-heading" id="news-that-could-push-the-silver-price-higher-this-week">News That Could Push the Silver Price Higher This Week</h2>
<p>Geopolitics is still the main driver for silver right now. The US just carried out its ninth straight night of airstrikes on Iranian targets. Iran says the ceasefire is dead. And they intercepted four ships near the Strait of Hormuz.</p>
<p>Oil prices jumped, Brent above $90, WTI near $85. All of that pushes people into safer assets. And silver, being one of them, bounced nearly 2% today.</p>
<p>Also, traders continue monitoring Federal Reserve policy. Markets now price a 53% probability of a September rate hike, up from 47% a day earlier after hawkish comments from Fed officials. The stronger U.S. Dollar Index near 101 and higher Treasury yields remain obstacles because higher interest rates reduce the appeal of non-yielding assets such as silver.</p>
<p>The bigger picture for silver still looks tight. The market is expected to be short by 73 million ounces this year. That’s a real supply deficit, not just talk.</p>
<p>The gold-to-silver ratio dropped from 71.77 to 70.74. That means silver is beating gold right now, buyers are still interested even with the recent pullback.</p>
<p><strong><em>Related Silver News: </em></strong><a href="https://captainaltcoin.com/robert-kiyosaki-just-made-a-massive-gold-and-silver-price-prediction/" rel="noopener noreferrer nofollow"><strong><em>Robert Kiyosaki Just Made a Massive Gold and Silver Price Prediction</em></strong></a></p>
<h2 class="wp-block-heading" id="silver-price-prediction-can-xag-rally-toward-74-and-103">Silver Price Prediction: Can XAG Rally Toward $74 and $103?</h2>
<p>If the silver price breaks above $63.30, the Elliott Wave correction would likely be complete. That would put $74 as the next upside target, with $89 and $103 becoming achievable if geopolitical risks remain elevated and physical supply stays tight.</p>
<p>The neutral outcome keeps the silver price trading between $55 and $63 as buyers and sellers battle for control. This would allow momentum indicators to reset before the next sustained move.</p>
<p>The bearish path begins with a break below $55, bringing $52-$49 back into focus. Even in that case, MCO Global believes the zone could mark the final stage of the correction before wave (5) begins, making it the area many long-term investors will be watching closely.</p>
<h2 class="wp-block-heading" id="frequently-asked-questions">Frequently Asked Questions</h2>
<div class="wp-block-uagb-faq uagb-faq__outer-wrap uagb-block-82dc26f3 uagb-faq-icon-row-reverse uagb-faq-layout-accordion uagb-faq-expand-first-false uagb-faq-inactive-other-true uagb-faq__wrap uagb-buttons-layout-wrap uagb-faq-equal-height uagb-faq__wrap uagb-buttons-layout-wrap">
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  <div class="uagb-faq-questions-button uagb-faq-questions"><span></span><span></span><span><strong>How high will silver go in 2026<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2753.png" alt="❓" style="height: 1em; max-height: 1em;"></strong></span>
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   <p><em>Wall Street analysts project silver to average between&nbsp;<strong>$75 and $81 per ounce</strong>&nbsp;in 2026, with institutional bull targets hitting&nbsp;<strong>$90 to $100+</strong>&nbsp;if physical shortages and rate cut expectations increase. However, silver is highly volatile; prices have retreated from January’s peak of $121.62 to the high-$50s/low-$60s amid a strong dollar and sticky inflation.</em></p>
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 <div class="wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-50b37f5f ">
  <div class="uagb-faq-questions-button uagb-faq-questions"><span></span><span></span><span><strong>Is the silver price expected to rise<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2753.png" alt="❓" style="height: 1em; max-height: 1em;"></strong></span>
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  <div class="uagb-faq-content">
   <p>Silver could move higher over time, though no one can predict its price with certainty. Industrial demand, investment demand, interest rates, and overall economic conditions will influence its direction.</p>
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<p><em><strong>Subscribe to <a href="https://www.youtube.com/@Captain-Altcoin" rel="noopener noreferrer nofollow">our YouTube channel</a> for daily crypto updates, market insights, and expert analysis.</strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/silver-price-correction-another-dip-to-49-possible-but-that-could-be-the-ultimate-buying-opportunity/" rel="noopener noreferrer nofollow">Silver Price Correction: Another Dip to $49 Possible, But That Could Be the Ultimate Buying Opportunity</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Silver Price Correction: Another Dip to $49 Possible, But That Could Be the Ultimate Buying Opportunity

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