Spot Silver: Outlook via Weekly Time Frame

Research Notes January 2026 > https://www.unum.capital/post/rjan2026

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Bottom Line: Take Profits on Silver

Analyst's Price Action Model:

Technical Take: Momentum-Based:

On 27 October, clients were alerted to oversold conditions in the commodity, from which we have since seen a +69% rally as of the close on Friday, 26 December.

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Previous Post (01 December): Running 22%: Take Profits on Silver (Short Term Traders)

The graphic below was included in our previous note where Silver traded into oversold territory.

Exposure to Silver was also communicated via a trade idea on Pan American Silver Corp (PAAS), which rallied by +107% from 04 June to 22 June.

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Previous Post (27 October): Spot Silver (XAG/USD) Trades Into Short Term Oversold Territory

Lester Davids

Senior Investment Analyst: Unum Capital