Spot silver jumped 5% to $59.20, a sharp rally that has traders looking to prediction markets for clues on how high the metal could climb in the coming months.
Prediction markets point to $64
On prediction platforms, contracts betting that silver will reach $64 by July are trading at 19% Yes. That implies roughly a one-in-five chance that the metal adds another 8% from current levels. The odds for a $70 target are far slimmer, sitting at just 1% Yes.
The gap between $64 and $70
The wide spread between the two price levels suggests traders see a realistic path to $64 but view $70 as a stretch that would require a significant catalyst. Silver's 5% gain already reflects strong buying interest, but whether that momentum can carry it further is unclear.
For now, the market is watching to see if silver can hold above $59 and challenge the $64 level before July. The next few weeks will test whether the buying pressure can push silver past that target.
