Silver prices rebounded on Monday, climbing about 2.8% to trade near $66.7 — a modest recovery after weeks of selling. The metal is still roughly 45% below its January record of $121.76, and one prominent investor isn't ready to jump in just yet.
The $68.88 pivot
That level — the 0.618 Fibonacci retracement — is the line in the sand. Analyst Kamile Uray points to $63 as a key support that has held so far. A weekly close above $68.88 would signal a reversal, while a rejection keeps the bearish trend intact. Lose $68.88, and silver could slide to $55, which aligns with the 0.786 Fibonacci retracement and long-term support.
Kiyosaki waits for the macro signal
Robert Kiyosaki, author of Rich Dad Poor Dad, said he's waiting before buying gold, silver, Bitcoin, and Ethereum. His focus isn't price — it's the broader macroeconomic environment. That's a patient play from someone who's been vocal about inflation and fiat risks. For now, he's on the sidelines.
What comes next
Resistance sits at $71. A break above that could open the door to the $77-$89 zone. But momentum is weak: the Relative Strength Index is near 40, below the neutral 50 mark. The next few days will test whether this bounce has legs. If $68.88 holds as resistance, the path of least resistance remains lower.
