Usman Salis
⬤ Silver kept its rally going in recent trading, adding more proof that buyers are calling the shots. The metal put up another bullish continuation candle on the daily chart, showing that buying pressure isn't letting up. Price is hanging near recent highs, sitting comfortably above rising support and maintaining a clean upward structure that's hard to ignore.
⬤ The technical picture tells a straightforward story—higher highs and higher lows stacking up nicely. Old resistance zones that used to cap the price are now working as support, and the metal keeps respecting an ascending trendline. There's a noticeable lack of indecision candles or those telling upper wicks that usually signal seller pushback. Even as Silver climbs, sellers haven't been able to slow things down much, which lines up with the idea that demand keeps overwhelming selling attempts.
⬤ Momentum indicators are backing up the trend too. When pullbacks do show up, they're shallow and don't last long—buyers are stepping in quickly rather than letting weakness build. That kind of behavior suggests traders see dips as buying opportunities, not warning signs. As long as Silver stays above rising support and keeps printing clean continuation patterns, there's nothing on the daily chart screaming exhaustion.
⬤ Silver's price action matters beyond just the precious metals space since it often reflects both safe-haven demand and broader market confidence. This sustained strength points to steady participation from buyers session after session. Right now, there are no rejection patterns or breakdown signals visible on the chart. Traders would need to see a failure to make new highs or a break below ascending support before questioning the trend, but until then, buyers remain firmly in the driver's seat.
Usman Salis
