#SILVER

Following last Thursday’s hammer candle at support, which signaled that buyers were stepping in to defend the level, Friday delivered a bullish continuation candle, confirming upward momentum.

Today, bears initially pushed the price lower, retesting the support level as sellers tried to regain control. Despite this attempt, bulls stepped back in during the session, reversing the downward move and closing with a dragonfly doji just under Friday’s close.

This candle reflects indecision but leans bullish, as the long lower wick indicates strong buying interest at support. We are right below descending resistance and also right above ascending support, creating a critical crossroad. 

The psychology here shows that while bears attempted to exert pressure, bulls remain committed to defending the level. 

Adding to the potential bullish case, the MACD is on the verge of crossing above its signal line, which could further confirm a shift in momentum. 

Bulls will want to clear $31.50 over the next few sessions to get a bounce going. 

$ABX $AG $AYA $CX $FNV $FSM $GATO $HL $MAG $PAAS $SKE $SLVP $SILJ $XAGUSD $SLV $SILVER $BVN $SSRM $SVM $CDE $EXK $SIL $FSM
#SILVER