Usman Salis
⬤ Silver is going through a consolidation phase right now after its recent climb, with the price staying above important technical support zones. The metal has taken a secondary path within its handle formation and is trying to round out a bottom above short-term rising support and the 4-hour Ichimoku cloud. The chart shows price is still supported by an upward-sloping trendline, which means the broader bullish structure is still working despite some recent ups and downs.
⬤ On the 4-hour chart, silver keeps respecting the rising support line that's been guiding the trend higher. After testing levels near the upper $70s, the price pulled back in a controlled way instead of breaking down sharply. The Ichimoku cloud sits beneath current price action, backing up the idea that this is just normal consolidation within an ongoing uptrend. The $75 area has become a key reference point, acting as a short-term balance level during this pause.
⬤ The chart shows silver is still above multiple support layers, including short-term rising structure and cloud support, while the broader trend direction stays positive. Price action during this phase looks like typical consolidation behavior—reduced momentum and tighter ranges after a strong directional move. A close above $75 would strengthen the bullish case and suggest silver is ready to push higher again, as long as current supports keep holding.
⬤ This consolidation matters because it's testing whether the trend can last after a sharp advance. Holding above rising support and the 4-hour cloud keeps the bullish setup alive, while a confirmed close above $75 would signal fresh strength. As long as these supports stay in place, the price structure still favors continuation over reversal, making this zone crucial for near-term direction.
Usman Salis
