Could Silver Reach $200+ After $91 Rebound?

Silver traded near $91 as buyers tested a tight resistance band after an overnight A B C drop and a fast rebound. At the same time, the gold silver ratio hit a long term target near 50, while CoinCodex model forecasts pointed to a wide 2026 range that includes $200 plus scenarios.

Silver futures hit a decision point near $91 as rebound meets resistance

Silver futures traded near $90.95 on the 15 minute COMEX chart as a rebound stalled under a tight resistance band marked by Fibonacci retracement levels. Price bounced after a sharp overnight drop, then slowed as it tested the $90.79 to $92.08 zone, which lines up with the chart’s 61.8% and 78.6% markers.

Silver Futures 15 Minute Chart. Source: TradingView/COMEX

The chart shows the decline forming a clear three wave A B C structure, followed by a recovery leg labeled B. That pattern often signals a corrective pullback inside a broader move rather than a fresh trend change. As a result, the rebound still keeps room for another push higher if buyers clear the current ceiling.

Traders now watch whether silver can break above $92.08 and hold. A firm move through that level would open the next upside zones near $93.72 and $97.73, which appear as extension targets on the same chart. If price fails again under resistance, the rebound could fade and pull silver back toward the prior swing low near the mid $86 area.

Gold silver ratio hits long term target as silver outperforms

The gold-to-silver ratio dropped to about 49.94 on the weekly chart, extending a steep slide that pushed the spread to a long watched target area. The latest candle showed the ratio falling 11.46% on the week, with price moving from the mid 50s down to just under 50, based on the chart.

Gold-to-Silver Ratio Weekly Chart. Source: TradingView(TVC)/X

X user dave the wave said the target “reached” and framed the move as a shift in relative value between the two metals. When the ratio runs high, traders often interpret it as gold expensive versus silver, so they swap gold into silver. With the ratio now near 50, that logic flips, since each unit of silver can convert back into more gold than it could when the ratio sat higher.

The chart also shows how sharp this swing looks in context. The ratio spent long stretches above the 80 region in past cycles, then mean reverted lower. Now that the ratio has broken down toward the 50 line, the market sits at a level that can act as a pause point, because prior turning points have formed after large, fast drops.

If the ratio holds below 50, it would keep the pressure on gold relative to silver and signal that silver remains the stronger leg. However, if the ratio rebounds back above the 50.26 area marked on the chart, it would suggest the target area triggered a reset, with the spread starting to widen again.

Silver price forecast sees extended upside into 2026

Meanwhile, the CoinCodex outlook for silver in 2026 points to a continuation of the current uptrend, with algorithm-based forecasts suggesting silver could climb sharply from current levels near $90 per ounce to well above $300 by mid-2026. That implies a projected rise of more than 300% if the model’s upper estimate materializes.

Silver price action over the past week. Source: CoinCodex

CoinCodex’s forecast shows a wide range of potential price outcomes, reflecting both short-term volatility and long-term upside. In the 2026 projection, silver could trade between about $93 and nearly $943, with an average annualized price well above current levels. These figures suggest bullish momentum may persist if key drivers such as industrial demand and macroeconomic support continue.

The forecasts sit alongside other price outlooks that vary widely, underscoring the high uncertainty in silver markets. Some technical models point to higher targets above $100 or even toward the $200-plus range in bullish scenarios, driven by supply constraints and rising demand for physical metal, while more conservative estimates remain in lower bands.

Taken together, the CoinCodex prediction aligns with the idea that silver’s trend could extend well above recent resistance zones, but the scale of potential gains depends on how strong industrial demand, investor flows, and broader economic conditions evolve throughout 2026.