Silver Jumps Back to $80 After Correction, Extends Winning Streak

Source: Coindoo Original Title: Silver Jumps Back to $80 After Correction, Extends Winning Streak Original Link: Silver surged back to the $80 level, marking a decisive return of bullish momentum after a brief correction earlier this month.

The move extends a four-day winning streak and reinforces the metal’s strong trend as investors rotate back into safe-haven assets amid rising geopolitical uncertainty.

Silver Regains Momentum After Pullback

After pulling back from recent highs, silver quickly found support and resumed its upward trajectory. Buyers stepped in aggressively, pushing prices back above the psychologically important $80 mark.

The recovery highlights resilient demand, with market participants viewing the recent dip as a temporary pause rather than a trend reversal. The current rally now marks four consecutive sessions of gains, underscoring strong short-term momentum.

Geopolitical Tensions Fuel Safe-Haven Demand

Renewed geopolitical stress has played a key role in silver’s advance. Market uncertainty intensified following reports surrounding political developments in Venezuela, adding to broader concerns around global political stability.

These developments have unsettled global markets and boosted demand for precious metals as investors seek protection from rising risks.

Further amplifying the cautious mood were comments from political leaders warning of potential additional measures, reinforcing risk-off positioning and benefiting assets traditionally seen as stores of value.

Silver’s Rally Builds on Strong Momentum

With silver now firmly back above $80, traders are watching whether the metal can maintain its upside pace after the recent correction. The combination of technical recovery, consecutive daily gains, and heightened geopolitical tension continues to support the bullish narrative, keeping silver in focus as one of the standout performers in the commodities market.