Marina Lyubimova
⬤ Failed Evening Star Signals Buyer Strength — Silver (XAG/USD) brushed off a weak evening star pattern that never gained traction. The bearish candle didn't push deep enough into the previous bullish range, showing sellers couldn't muster real conviction at these elevated levels.
⬤ Buyers Defend Every Dip — What happened next told the real story. The following session printed an inside bar with a clear lower wick—textbook evidence that buyers were waiting in the wings. Every time price dipped toward rising support, fresh demand materialized, keeping the structure intact without much drama.
The structure lacked conviction because the bearish candle did not close deeply enough into the prior bullish candle's range.
⬤ Layered Support Keeps Bulls in Control — Silver's technical setup remains healthy, with multiple support zones stacked underneath current prices. Rising trendlines and key moving averages have absorbed every pullback for months now, preventing any serious correction from taking hold. Momentum might be cooling near the highs, but there's no clean bearish signal suggesting the trend is done.
⬤ Market Takeaway — The broader precious metals space is watching this closely. Demand keeps showing up even after the big rally, which means pullbacks are being treated as entries, not exits. Until bears can flip the script and reclaim control with a decisive breakdown, the path of least resistance stays pointed higher.
Marina Lyubimova
