Nataly Kambur
⬤ Silver has pushed higher on the weekly timeframe, confirming the uptrend is still alive after a brief consolidation. Two weeks ago, the market printed an inside range candle—basically a pause after the previous rally, not a reversal signal. Price stayed within the rising structure without touching any critical support levels, which kept the bullish setup intact.
⬤ That consolidation broke to the upside last week with strong buying momentum. The weekly chart shows bulls successfully holding higher ground and taking back control. Silver is sitting comfortably above its key exponential moving averages, which are still pointing up and reinforcing the positive structure. Momentum indicators also look healthy, suggesting upside pressure isn't fading anytime soon.
The market environment reflects sustained accumulation, with participants willing to buy at progressively higher prices.
⬤ This week opened with bulls pushing even higher, which adds more weight to the continuation story. The follow-through buying tells us this isn't just a quick spike—traders are accumulating positions and showing real confidence in higher prices ahead. Importantly, there's no confirmed reversal pattern or pivot high on the chart yet, so the trend remains firmly bullish.
⬤ This strength in silver matters for the broader precious metals space since weekly momentum tends to set the tone for medium-term moves. As long as no clear reversal shows up, the current setup reflects a market where buyers are in control and directional momentum is holding strong.
Nataly Kambur
