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​​Silver price and Brent crude price both push higher​

Silver is moving higher once again after some recent short-term weakness, while Brent crude continues its bounce from the March lows.

Silver Source: Adobe images
Commodities Petroleum Brent Crude Silver Price

Written by

Chris Beauchamp

Chris Beauchamp

Chief Market Analyst

Article publication date:

​​​Silver

​Morning trading has seen the spot silver price make gains, moving back above the $33.00 level and putting the price on course to test the $34.00 high seen last week. Beyond $34.00, the October highs just below $35.00 become the next target in any move to the upside. 2025 has seen a solid uptrend so far, but a move back below $33.00 might indicate a deeper retracement is at hand.

Spot silver chart Source: IG
Spot silver chart Source: IG

​Brent

​The Brent crude oil price has pushed higher for a second day and is now on the cusp of testing the $73.50 area that marked resistance at the end of February.

​A lower high is still a possibility, which might open the way to the lows of $68.00 from the opening week of March. Alternately, a push through $74.00 helps to move the view to a more neutral one and would then leave the price open to a move towards $76.00.

Brent crude oil chart Source: IG
Brent crude oil chart Source: IG

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