Silver has shown notable relative strength compared to Gold, producing clean impulsive advances and respecting a rising channel on the 3-hour timeframe. The recent breakout above the 102 region marked a key structural shift.
Price is now approaching the upper boundary of the channel, a common area for temporary pauses after strong rallies.
Technical Observations
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Clear impulsive waves with shallow pullbacks
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Successful hold above prior resistance
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No bearish reversal structure at present
Momentum remains positive, but vertical moves often require consolidation to sustain trend health.
Key Technical Levels
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111.5 – 113: Near-term resistance and channel top
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111.3: Immediate support / breakout retest level
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102: Major structural support
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96: Trend invalidation zone
Scenarios Ahead
Primary Scenario:
Sideways consolidation above 111, allowing momentum to reset.
Alternate Scenario:
A deeper pullback toward 102 followed by trend continuation, as long as structure remains intact.
Conclusion
Silver remains firmly bullish on the higher intraday timeframe. Consolidation at elevated levels is constructive and often precedes continuation rather than reversal. Trend traders should focus on support behaviour rather than price alone.
Disclaimer:
The information provided in this analysis is intended solely for educational and informational purposes. It reflects personal market observations and technical interpretations at the time of writing and should not be considered as financial, investment, or trading advice.
Financial markets are subject to risk, volatility, and uncertainty. Any decisions taken based on this content are at the sole discretion and responsibility of the reader. Past performance or historical price behaviour does not guarantee future results.
Readers are strongly advised to conduct their own independent research and, where appropriate, seek advice from a qualified financial professional before making any trading or investment decisions.
The author assumes no responsibility or liability for any losses incurred as a result of the use of this information.
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