Saad Ullah
⬤ Silver has pierced a short-term descending trendline, signaling a potential shift in the recent bearish structure as price stabilizes after a sharp sell-off. Putting focus on the next resistance levels around $86 and $92. The 4-hour chart shows price action bouncing off support near $70 and climbing above the red downtrend zone, indicating early signs of renewed upside momentum.
⬤ The attached chart shows how price recently fractured lower from a previous broad ascending channel that carried Silver toward highs above $115. After the breakdown, the metal retraced and found support near the horizontal $70 zone, where buyers stepped in to defend a base. The breakout above the downtrend has pushed Silver into the mid-$80s, with the first major upside barrier around $86. Above that, a further resistance level sits near $92, which aligns with horizontal supply from prior swing highs on the chart. Breaking through these zones would signal meaningful technical strength after the corrective period, similar to the pattern discussed in Silver Price Tests Key 75-76 Support Zone as Breakout Builds, where price compression preceded potential continuation toward higher supply areas.
⬤ Market structure following the breakdown and subsequent trendline breakout suggests Silver may still be in a consolidation phase before committing to a directional trend. The $86 level acts as a short-term hurdle where selling pressure could reassert itself, while $92 represents a higher resistance boundary originally active during the late January price contraction. Analysts have previously highlighted scenarios where Silver Holds Strong Above $80 Support, Eyes $92 and $102 Targets, reinforcing the idea that multi-layered resistance could define the path ahead.
⬤ The importance of this development lies in how trendline breaks following prolonged weakness often precede renewed volatility and possible trend revisions. Silver's ability to sustain price above the broken downtrend and push through the initial resistance zones could confirm that the recent corrective phase has concluded. If resistance bands around $86 and $92 are overcome, Silver could retest upper structural zones, strengthening the narrative that a major bottom has been formed. For ongoing analysis, see Silver Price Prediction.
Saad Ullah
