Forecast update for Silver -09-09-2026

QUALCOMM Incorporated (QCOM) surged higher in its latest trading session, successfully breaking above the resistance of its 50-day Simple Moving Average (SMA). This breakout has relieved a key source of negative pressure and paved the way for further gains in the near term. The move was accompanied by a notable increase in trading volume, providing strong technical confirmation of the breakout. Meanwhile, price action continues to follow a short-term ascending trendline that supports the prevailing bullish bias, while momentum indicators have begun forming a bullish crossover after the stock successfully worked off some of its overbought conditions, providing additional room for further gains.

Intel Corporation (INTC) extended its gains sharply in recent intraday trading, supported by continued bullish signals from the momentum indicators. The stock successfully broke above a short-term bearish corrective trendline, generating additional positive momentum that helped it overcome the resistance of its 50-day Simple Moving Average (SMA). This breakout has relieved a key source of negative pressure and strengthened the prospects for further gains in the near term.

Hewlett Packard Enterprise (HPE) posted strong gains in recent intraday trading after previously finding support at its 50-day Simple Moving Average (SMA), which provided positive momentum and brought the primary uptrend back into focus. Price action also continues to follow a short-term ascending trendline that reinforces the prevailing bullish bias. Meanwhile, momentum indicators continue to generate bullish signals after reaching extremely oversold territory, strengthening the prospects for further gains in the near term.