Silver Shows Bearish Pattern After January 29 Peak

⬤ Silver reversed direction after peaking on January 29. The Daily Technical Video Group 1 analysis spotted a bearish sequence forming right after that high, pointing to a weakening price structure taking shape.

⬤ The chart's showing a finished upward cycle followed by sharp downward momentum. Every bounce since then looks more like a correction than any real trend reversal—each recovery's been fizzling out without building sustainable bullish legs. That's classic behavior when price shifts from climbing mode into decline territory.

⬤ Price keeps printing lower highs and lower lows, which lines up perfectly with bearish wave development. The recovery attempts stay shallow and haven't broken the downward pattern, meaning sellers are still running the show as long as that January 29 peak stays intact.

⬤ The silver pattern points to continued downside risk in this technical cycle. Momentum's clearly fading, and the broader directional lean stays negative until we see a confirmed reversal pattern emerge.