Usman Salis
⬤ Silver's been trading strong on the hourly chart, staying comfortably above key support after its recent climb. The latest session happened during a US market holiday, so there wasn't much volume to really test the move. Still, the price action tells us that recent opening gap probably isn't getting filled anytime soon—the metal's showing real strength rather than any signs of rolling over.
⬤ Right now, silver's hanging out in the mid-$90s per ounce, sitting above rising trend support inside a clean upward channel. The Ichimoku cloud keeps acting as solid dynamic support underneath, and multiple ascending trendlines back up the bullish picture. Instead of seeing any sharp drops, we're getting controlled consolidation—more like the market catching its breath than anything resembling selling pressure.
The question isn't if we test $100, it's how fast we get there, according to the analysis, which frames the move as more about timing than direction.
⬤ All eyes are on two pivot resistance levels sitting right in silver's path. These technical zones—marked by crossing trendlines and previous reaction points on the chart—are likely going to be crucial in determining the pace of any further gains.
⬤ This setup matters because silver tends to reflect both precious metals sentiment and expectations around industrial demand. How price handles these resistance areas could shake up short-term volatility and shape positioning across the metals space. As long as silver holds above support while pushing toward resistance, momentum stays in the driver's seat.
Usman Salis
