Traders observing silver price forecast data note a bullish cup-and-handle formation on the daily chart. Break above $28.90 triggers $30 target watch with stop-loss placed near $28. ‘From a technical standpoint, both gold and silver are looking stretched—we’re clearly in overbought territory. That leaves the assets vulnerable to a near-term shakeout if the macro fundamentals shift. A strong NFP report or a more hawkish Fed pivot could take some air out of the trade, while any de-escalation on the geopolitical front would also sap safe-haven flows. In other words, positioning looks crowded, and the risk of near-term correction increases’, notes Kar Yong Ang. “Silver is more sensitive to manufacturing cycles, but right now, monetary policy and geopolitical dynamics are doing most of the heavy lifting,” noted a senior market analyst at a New York-based fund. Silver price forecast from commodity research desks indicates volatility tied to upcoming U.S. jobs report. Strong labor data may dampen rally prospects slightly, but heavy buying in Asian markets supports the medium-term bullish trend. Support remains firm at $27.70.