Silver's setup is drawing fresh bullish attention.
Recently published research argues silver has room to run, with one camp of analysts building long positions in XAG/USD and pointing to a potential move into the $63–70 range by August.
The case, as framed in that research, rests on contrarian positioning signals. Sentiment has largely washed out, the speculative froth from the prior bubble has been flushed, and seasonal patterns tend to be supportive heading into the coming months — a combination some analysts view as fertile ground for a rebound.
Worth noting: this is one directional thread in the published research, not a consensus call. Silver is famously volatile, and targets that far above spot assume the setup actually plays out. But the underlying argument — cleaner positioning plus favorable seasonality — is the kind of backdrop contrarians tend to lean into.