Silver has been on an upswing lately, though buyers haven't quite pushed past the $84 resistance yet. The near-term setup suggests a pullback toward the 10-week moving average could play out over the coming weeks—that's what I'm leaning into right now. But here's the thing: if silver does break above $84, the next meaningful resistance sits at $94.34 (yearly R1 pivot). Worth watching how price behaves at these levels. The technicals tell an interesting story either way.
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Silver has been on an upswing lately, though buyers haven't quite pushed past the $84 resistance yet. The near-term setup suggests a pullback toward the 10-week moving average could play out over the coming weeks—that's what I'm leaning into right now. But here's the thing: if silver does break above $84, the next meaningful resistance sits at $94.34 (yearly R1 pivot). Worth watching how price behaves at these levels. The technicals tell an interesting story either way.