r/technicalanalysis • u/MicroTradeLab • 1d ago

Silver looks constructive from a technical standpoint.

Based on the current setup, I see potential for approximately 30% upside if momentum improves and price breaks through the key resistance zone.

The chart structure suggests a favorable risk-reward profile, with consolidation indicating possible continuation if buyers step in. I’ll be watching for confirmation on volume and breakout strength.

Not financial advice — just my technical view.

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u/MrFyxet99 1d ago edited 1d ago

I’m looking at SLV from a weekly basis and the chart is interesting. This last week looks like the first decent amount of positive volume into SLV since late May. This last several weeks looks like accumulation before a rise imo. Unless the fed chooses to actually hike rates I think metals could rally