Silver continues to trade in a strong bullish trend. The recent sharp rise resulted in a near-vertical move, which naturally requires cooling through consolidation or corrective pullbacks.
Price remains well above its major breakout base, confirming that the broader bullish structure is intact.
The zone between USD 52 and 47 represents the breakout base from which Silver accelerated sharply. This area acts as a major demand zone and defines the structural support for the current trend.
As long as price holds above this breakout base, pullbacks should be viewed as corrective rather than trend-reversing.
Key Levels to Watch (USD)
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Major Structural Support: USD 52–47
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Immediate Support: USD 105–100
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Upside Supply / Resistance: USD 115–120
Conclusion
Silver remains bullish in the higher timeframe. Current volatility reflects momentum cooling after a strong rally. Only a decisive breakdown below the breakout base would question the bullish structure. Until then, dips remain part of trend continuation.
https://www.tradingview.com/chart/XAGUSD/81a9JbQe-Silver-XAGUSD-Structure-Update/
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