Usman Salis
⬤ Silver futures recovered following a sharp shakeout while keeping their broader uptrend intact. The weekly close held above a critical support zone, signaling that the main trend is still alive despite the recent volatility.
⬤ The chart reveals that after nearly touching the lower edge of a fresh rising channel, the selloff drove price back toward an earlier ascending channel with a gentler slope. This move cleared out excessive bullishness and shook out weak hands while leaving the overall trend structure untouched. The bounce is taking shape steadily, with price respecting key structural levels.
⬤ Right now, silver looks ready for sideways or modest upward consolidation before making another run at all-time highs. The pullbacks have been orderly and momentum is gradually rebuilding—classic behavior for strong trends that advance through pauses rather than vertical rallies.
⬤ What matters most now: price staying within the broader bullish framework, corrections remaining controlled, and momentum continuing its recovery. As long as these conditions hold, the continuation scenario looks most likely and the larger trend structure stays healthy.
Usman Salis
