Eseandre Mordi
⬤ Silver is trading just below a major resistance band around $90 to $95 while bouncing back from a recent selloff. The metal may stay in correction mode for roughly one to two weeks before trying to push higher again.
⬤ The chart shows silver climbing back up from a solid buying zone near the mid-$70s after a sharp drop. Price is now heading toward the resistance region where heavy trading activity happened before. This level is seen as a very strong barrier that needs to break before any real upward continuation.
⬤ If silver manages to crack above the $90–$95 zone, the next big target would be the previous high around $120. A broader bullish scenario could even stretch toward $180 down the road, though that depends entirely on breaking through current resistance first.
⬤ How silver reacts around this resistance zone will show whether the current bounce turns into a real rally or just another leg of the correction.
Eseandre Mordi
