📊 $Silver (Monthly Timeframe)
Silver remains in a strong long-term uptrend, but the recent rejection from the blow-off top suggests a healthy correction is underway.
* Resistance: $70–75 remains the key supply zone.
* Support: The first major demand sits around $46.
* Outlook: As long as Silver holds above the long-term moving average, the broader bullish trend remains intact. A pullback toward $46–50 would be a normal retracement after such a parabolic rally, not necessarily a trend reversal.
Bias: Long-term bullish, short-term corrective until buyers reclaim the recent highs.
Silver remains in a strong long-term uptrend, but the recent rejection from the blow-off top suggests a healthy correction is underway.
* Resistance: $70–75 remains the key supply zone.
* Support: The first major demand sits around $46.
* Outlook: As long as Silver holds above the long-term moving average, the broader bullish trend remains intact. A pullback toward $46–50 would be a normal retracement after such a parabolic rally, not necessarily a trend reversal.
Bias: Long-term bullish, short-term corrective until buyers reclaim the recent highs.