The overall structure suggests that Silver is experiencing a healthy pullback after its recent upward movement. Price is approaching an important confluence where the ascending trendline and nearby support may attract buying interest.
Rather than chasing price, it may be useful to monitor how the market behaves around support. A confirmed bullish reaction could improve the probability of a move back toward the upper supply zone.
Technical Structure
Higher lows remain visible.
Trendline support is still respected.
Previous resistance near 59.00 remains the next major area to watch.
Potential Price Path
First objective: 58.40 – 58.60
Second objective: 59.00 – 59.20
Third objective: 60.00
Final objective: 60.50 – 60.80
Invalidation Area
If price closes decisively below the rising trendline, the bullish outlook may require reassessment.
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