Silver Price Prediction: Range Compression Hits 8 Weeks – A Fast Move to $104 Loading

Silver is pushing higher, up nearly 6% to around $76.9 on May 6, 2026, as a 12% drop in oil helped lift commodities and risk assets. This move is happening because supply is getting even tighter. Glencore’s Kazzinc facility lost 3.4 million ounces of yearly output. That adds more pressure to a market already short