SILVER Analysis - Can buyers push toward 4,100$?

is trading within a clear ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum indicates that buyers are in control, suggesting there's chances for potential continuation on the upside.

The price has recently broken above a key resistance zone and now came back for a retest. If this level holds as support, it would reinforce the bullish structure and increase the likelihood of a move toward the 4,100 target, which aligns with the channel’s upper boundary.

As long as the price remains above this support zone, the bullish outlook stays intact. However, a failure to hold above this level could invalidate the bullish scenario and increase the likelihood of a deeper pullback.

Remember, always confirm your setups and use proper risk management.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

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