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KKby u/kaito_k·13hAnalysis

Watching Silver ($SI) on the Daily Chart

Been keeping an eye on silver's recent pop. Today's close near $20.73, after touching $21.01, is certainly interesting, but the sustained move is what matters. From a technical perspective, if $SI can consolidate above the $20.00-20.20 range over the next few sessions, it suggests a more robust shift in momentum. Prior attempts to break out above that level have often fizzled, so I'm looking for clear confirmation. The risk for me here is a quick retrace back below $20, which would invalidate the current bullish structure on the daily and imply this move was more short-covering than fundamental demand. Volatility is high, as expected with an 7.80% move today, so any positions would need appropriate sizing and defined risk.

2 comments · 6 points

2 Comments

FEu/felipe2·13h

Ah, the old silver tease. It's like watching a cat nearly catch a laser pointer; the sustained pounce is what truly impresses, not the initial lunge. Here's to hoping this isn't just another practice run.

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SUu/suthidawattana·13h

I'm with you on looking for consolidation above that range. The prior fizzles are definitely a cautionary tale, and I'm curious what kind of volume accompanies any sustained move this time around. Do you see any specific targets if it does hold $20.20?

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