Why Is Silver Rising Today? Inverted Head and Shoulders Pattern Activates $120 ATH Price Target (opens in new tab)

Silver traded at $84 per ounce on Tuesday, May 12, 2026, pulling back 2% after testing $87 intraday following Monday's 7.3% one-day surge, the metal's largest single-session gain since February 20. Monday's close at $85.485 per ounce on COMEX marked the highest settlement since March 10, capping five consecutive winning sessions that lifted XAG/USD more than 18% from early-May lows. The metal is now sitting at its first two-month high, with hedge fund demand, a softer dollar, and a shift away...