I initially anticipated a deeper move toward 3225 — the 25–30% retracement zone of the discount array — but price bounced quickly during Monday’s open, then confirmed a market structure shift by breaking above 3350. However, the buy signal wasn’t convincing at the time, as Silver lagged and leaned bearish.
Following the latest 4H chart, Silver has now invalidated the short idea by trading above 36.83, which offers stronger confirmation for the bullish bias — far clearer than what was seen on Monday.
Retracement might occur around last week’s high at 3394, offering a possible discount re-entry point before further upside. Still, price could head straight toward ATH, so keeping 3394 in view remains wise.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.