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Core Insights - The precious metals sector has shown strong performance in 2025, significantly outperforming mainstream risk assets, with silver being the standout performer [1] - Silver demand remains robust, particularly in the rapidly expanding photovoltaic industry, medical applications, and modern electronics, bolstered by the recent AI-driven market surge [1] - As of the end of December, spot silver has seen a nearly 150% increase year-to-date, leading the asset performance rankings for 2025 [1] Price Movement Analysis - Silver prices broke through key resistance levels in August, marking a pivotal point for bullish momentum, with momentum indicators reaching levels not seen since 2011 [3][5] - The relative strength index (RSI) for silver entered the overbought territory in August, coinciding with a breakout above significant resistance levels, leading to an eight-week rally [5][6] - The price trajectory for silver throughout 2025 has been characterized by a strong upward trend, with key technical resistance levels identified between $34.86 and $35.58 per ounce [3][6] Technical Indicators - The RSI's entry into the overbought zone often signals the onset of the fastest and most vigorous phases of a price rally, which is a hallmark of a healthy bull market [6] - The RSI can remain in the overbought territory for extended periods, indicating that the current bullish momentum may persist despite high price levels [6] - Historical data shows that silver's RSI has consistently remained above 40 since October 2022, reflecting a sustained positive momentum [6] Future Outlook - The current bullish trend in silver is expected to continue, driven by ongoing demand from the electronic sector, particularly influenced by the AI boom [8] - However, there are potential short-term pressures on silver prices as they approach resistance around $65.88 per ounce, where a price correction may occur [8] - Key resistance targets for future price movements include $73.43 per ounce and $88 per ounce, based on historical price extensions [8]