Usman Salis
Silver is at a crossroads. After a promising cup-style pattern began forming on the charts, price action has pulled back into a key support area — and what happens next could define the market's direction for weeks ahead. Here's a breakdown of the key levels every trader should be watching right now.
Silver's $64–$74 Support Zone Is Now the Line in the Sand
Flagged the setup, noting that the cup structure may already be invalidated unless price stabilizes quickly. The critical range sits between $64.03 and $74.40, where the market needs to print a higher low to preserve any bullish reading on the chart.
If a daily candle closes below the structure, the bullish pattern fails and market bias shifts to neutral or bearish. That said, a long-term yellow trend line is still providing structural support from below, while a green diagonal resistance line continues to cap upside attempts. A similar pause played out when silver held major support near $70 — Silver Hovers at $70 Support as Next Move Takes Shape.
What a Pattern Reclaim Would Mean for Silver's Uptrend
Momentum conditions currently point to compression rather than a clean breakdown. A reclaim of the resistance slope would flip the structure back to bullish and reopen the door toward prior range highs. This echoes a setup seen when silver tested breakout resistance toward $40 — Silver (XAG/USD) Price Eyes Critical $38.50 Breakout, where the market needed a clean structural recovery to confirm direction.
The bigger picture comes down to one question: trend continuation or consolidation reset? Holding above support keeps the larger uptrend technically alive. A break below it likely means an extended sideways grind before the next directional push. The way silver reacts around this zone will tell traders everything they need to know about what comes next.
Usman Salis
