BIAS: BULLISH
Current range is 30-28.5/O, a break above 30/O and there's TWO highs to break and find support at before climbing higher.
If BEARISH:
a break below 28.5 would probably keep momentum to 26/O. (Strong support area)
Current range is 30-28.5/O, a break above 30/O and there's TWO highs to break and find support at before climbing higher.
If BEARISH:
a break below 28.5 would probably keep momentum to 26/O. (Strong support area)
Trade active
30/O claimed and support formed.A break above 30 and there's TWO highs to break and find support at before climbing higher.
Silvers heavily under valued.
Note
What I’m watching now:With 32/O hit, the focus is now on holding above 31.5/O. If price can hold above this level, we could see a push toward the next target, likely around 33-34/O or higher.
A pullback toward 31/O or 30/O could act as solid support if we see a healthy retracement, giving a chance to load up for higher.
If Bearish:
A break below 31/O could suggest a short-term retracement to 30/O or 28.5/O, where we’d be looking for strong support to keep the bullish bias.
Note
Bias: Still bullish, with price action validating previous levels.Silver broke above the key $30.00/oz level and held it as support, then cleared $32.30 (T1) — which aligned with previous highs.
what's happening now:
Price is now pushing toward $34.85 (T2), a significant resistance zone.
A clean break and close above T2 could open the door for a move toward $36–$38/oz, as momentum builds.
If Bearish:
A failure to break $34.85 may trigger a retracement toward $32.30 or $31.00.
As long as $30.00 holds, bullish Bias remains intact.
Note
Bias: Still bullish.What’s Happening Now:
Price is now pushing toward $34.85 (T2), a significant resistance zone. A clean break and close above T2 could open the door for a move toward $36.00–$38.00/oz, as momentum builds. This aligns with the bullish trend, especially after the price respected $30.00 as support and broke past T1.
If Bearish:
A failure to break $34.85 may trigger a retracement toward $32.30 or $31.00. As long as $30.00 holds, the bullish bias remains intact. However, a break below $30.00 would invalidate the bullish structure and could signal a deeper correction.
Note
What’s Happening Now:Price is testing just above T1 ($32.30–32.50) after a strong recovery from the dip below $31.00. The bullish head-and-shoulders breakout remains valid, with momentum building again toward T2 ($34.85).
We’re seeing strong continuation signs after reclaiming key levels, but bulls need to break T2 for further upside confirmation.
If Bullish:
A clean break and close above $34.85 (T2) opens up the move toward $36.00–$38.00/OZ, aligning with the broader bullish structure. The trend remains healthy above $31.00, and any bullish rejection from T1 supports higher continuation.
If Bearish:
Failure to break $34.85 may spark a short-term retracement toward $32.30 (T1) or even $31.00. As long as $30.00 holds, the bullish trend is still intact. However, a clean break below $30.00 would shift the bias and could trigger a deeper pullback.
Key Levels to Watch:
Support: $32.30 - $31.00 - $30.00
Resistance: $34.85 (T2) - $36.00 - $38.00
Breakout Confirmation: Strong close above T2 ($34.85) with momentum
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.