Usman Salis
⬤ Silver (XAG/USD) is holding firm above its rising support line after a brief consolidation period, with buyers actively protecting the uptrend. While Monday's dark cloud cover candlestick pattern hinted at possible downside pressure, the metal quickly found its footing and stabilized above key trend support instead.
⬤ That candlestick pattern suggested consolidation was more likely than a full bearish flip. The market has since tightened into a narrow range right above the ascending support line, showing bulls are absorbing selling pressure without letting the trend break down.
⬤ Looking at the 4-hour chart, silver has respected this rising trendline for several weeks without any real breakdown. Some lagging indicators are starting to flash yellow, but price action itself—the most reliable signal—keeps showing strength as long as support holds. The structure still looks like a continuation setup rather than exhaustion.
⬤ The key takeaway is simple: until silver loses that rising support level, the bullish trend stays alive. Right now, the market continues favoring upside development over any deeper reversal.
Usman Salis
