Alex Dudov
⬤ Silver is hitting a make-or-break moment as the price squeezes between trendline support and overhead resistance. Buyers need to defend the 75–76 zone and break above 80.00 to unlock the path toward higher supply areas. Right now, the price is compressing near support while previous bullish zones and liquidity pockets stay in play.
⬤ If bulls can hold the trendline and reclaim 80.00, the door opens toward 85.00—and possibly even the 95–100 supply zone. This matches what we've seen before: silver tends to rally after compression phases. As one analyst noted, "holding the trendline and reclaiming 80.00 would open room toward 85.00." Whether momentum continues depends on buyers keeping control around current support and blocking any deeper pullback. The setup mirrors what happened in Silver Holds Strong After Failed Reversal Pattern, where similar compression led to upside continuation.
⬤ On the flip side, losing support shifts everything. A breakdown below the 74.50 liquidity zone would crack the bullish structure and could trigger a deeper drop toward 70.00—maybe even 65.00. We've seen this script before in Silver Hits Resistance at 71.3 as 100-Day MA Near 62 Comes Into Focus, where rejection near resistance unlocked downside liquidity and brought selling pressure.
⬤ The current chart shows a classic decision point. Breaking above resistance confirms the bullish continuation, while losing support opens the downside floodgates. This compression phase signals that volatility is about to expand, meaning the next move could define silver's near-term trend in the broader commodities market. Traders are watching the 75–76 support and 80.00 resistance closely—whichever level breaks first will likely dictate where silver heads next.
Alex Dudov
