Usman Salis
⬤ Silver has pushed back into an uptrend after escaping a tight consolidation zone, showing that buyers are still in control of the broader price action. The metal spent some time building a base near support before finally breaking out and heading higher. Right now, it's trading in the mid-60s range and looks comfortable sitting above the rising trendline that's been guiding prices upward.
⬤ The chart reveals an ascending broadening wedge pattern where price swings keep getting wider while the overall direction stays up. After hanging around the lower edge of this formation, Silver carved out a rounded bottom and then launched higher, marking the end of that coiling phase. Since the breakout, the move has been pretty steady without any dramatic pullbacks, and the price hasn't really tested that breakout zone again—suggesting traders are accepting these higher levels.
⬤ What makes this interesting is that Silver wears two hats—it's both a precious metal like gold and an industrial commodity used in manufacturing. When Silver starts moving with conviction like this, it tends to influence how traders feel about the entire metals sector. The fact that momentum is holding and the price keeps defending higher ground without sliding back means there's real buying interest underneath. This kind of setup can shift expectations about volatility and trend direction across commodity markets, especially when the breakout holds firm like it has been.
Usman Salis
