Victoria Bazir
⬤ Silver (XAG) has been riding a strong uptrend since bouncing from the mid-$20s support zone in early 2025. The metal's price structure shows a clean bullish pattern that's driven prices from around $25 into the low-$70 range by early 2026, with brief spikes touching the $80–90 area. Long positions entered from that support region are now trading well into profit territory.
⬤ The technical setup reveals a textbook corrective dip into support followed by an aggressive upside move. After stabilizing near the mid-$20s level, silver launched into a sustained advance characterized by consistent higher highs and higher lows. Current trading around $70 represents nearly a 3x gain from the support zone, with momentum indicators still pointing upward rather than suggesting reversal patterns.
⬤ The price action continues respecting the established bullish framework, with the original invalidation point now sitting far below active trading levels. This separation between entry zones and current prices reflects strong buyer conviction and genuine trend continuation rather than choppy, directionless movement. Silver's behavior shows characteristics of both a macro-sensitive precious metal and a momentum-driven trading vehicle, making it attractive across different market participant types.
⬤ For traders and investors, this move matters because it demonstrates how technical structure can guide market participation and risk management. The disciplined approach of entering near defined support zones and letting the trend develop has paid off substantially in silver's case, reinforcing the value of patience and structure-based positioning in trending markets.
Victoria Bazir
