I observe that SILVER continues to demonstrate a confident and technically justified upward trend, and I consider the current market structure to be clearly bullish on the 4-hour timeframe. I note that the price is holding above the bullish Ichimoku cloud, and I interpret this positioning as confirmation that buyers remain in control despite short-term volatility. I acknowledge that a southward corrective movement is possible at this stage, and I would even welcome such a pullback as a healthy technical reset within a strong trend. I believe, however, that the underlying bullish momentum is too strong to allow for a deep or prolonged decline. I expect that any correction will be limited in scope, and I see the upper boundary of the Ichimoku cloud near the 59.80 level as the most probable downside target. I view this area as a dynamic support zone where buyers are likely to re-enter the market aggressively. I anticipate that once the correction is complete, bullish pressure will quickly resume, pushing prices back to the upside. I project that the next key objective for buyers lies near the 64.60 level, which I see as a natural target based on recent price structure and momentum continuation. I expect some consolidation to develop around this zone, as I assume profit-taking and position rebalancing will temporarily slow the advance. I interpret this consolidation not as weakness, but as preparation for the next impulsive move. I believe that once SILVER absorbs supply around 64.60, the market will transition into what I define as open space, where historical resistance is limited. I expect that this lack of overhead resistance will allow price to accelerate more freely toward higher levels. I maintain a bullish bias as long as price remains above the Ichimoku cloud, and I see no technical signals suggesting a trend reversal at this stage. I conclude that pullbacks should be viewed as buying opportunities rather than trend-changing events. I remain confident that the broader structure favors continuation, and I expect higher prices to unfold as long as the current technical conditions remain intact.
I observe that XAG/USD is ending the trading week in a corrective phase while still respecting the structure of a broader bullish channel, and I interpret this behavior as a normal pause within a prevailing uptrend. I note that the moving averages are clearly aligned to the upside, and I consider this alignment a strong technical confirmation that the dominant trend in silver remains bullish. I see that prices have broken upward through the area between the signal lines, and I interpret this breakout as evidence of sustained pressure from metal buyers and growing bullish interest at current levels. I expect that despite this strength, the market may attempt to develop a short-term bearish correction, and I view such a move as technically justified after recent gains. I anticipate that this corrective pullback could lead to a test of the support level near the 57.35 area, which I consider an important zone for buyers to defend. I believe that holding above this support would reinforce the bullish structure and attract renewed buying interest. I then expect silver prices to resume their upward movement, and I project a medium-term growth scenario with a potential target above the 72.75 level. I recognize that this target represents an ambitious upside objective, but I see it as realistic if bullish momentum remains intact. I also acknowledge that risk management is critical, and I clearly identify the 47.35 level as a key invalidation point for the bullish scenario. I believe that a decline and a decisive breakout below 47.35 would signal a breakdown of the support structure and effectively cancel the current upward trend. I would then expect continued weakness in silver prices, with a potential decline extending below the 44.35 level. I look for confirmation of further bullish growth through a breakout of resistance and a daily or weekly close above the 66.05 level, which I see as a strong signal of trend continuation. I also pay close attention to the relative strength indicator, and I believe that a successful test and rebound from its trend line would support renewed upside momentum. I conclude that as long as price action respects key support zones and momentum indicators remain constructive, I maintain a bullish outlook on XAG/USD and view corrective declines as opportunities rather than signs of trend exhaustion.
