Tatiana Kashyrskaia
⬤ Silver's momentum has slowed after a sharp rally, with prices remaining well below the projected $148 target that continues to serve as a key reference point for long-term market watchers.
⬤ Historical chart patterns reveal a familiar cycle of extended consolidation periods followed by explosive upward movements, with current price action mirroring these previous accumulation phases before major advances.
⬤ The metal remains in backwardation—a market structure where spot prices exceed futures prices—and appears fundamentally undervalued according to technical assessments, suggesting potential upside may still be on the table.
⬤ Weekly price charts show the current structure hovering below critical resistance levels, with past cycles demonstrating how sideways trading ranges often preceded significant breakouts in silver markets.
Tatiana Kashyrskaia
