Silver is consolidating nicely after breaking out from that ascending triangle. Check the candle action today—it's pretty clean. Small range, lower wick, and sitting inside yesterday's range, which tells you something important: the market tested support intraday and held. That lower wick? Classic signal that dips are getting bought. You're watching buyers step in when price pulls back, which is exactly the kind of price action that keeps uptrends alive. The structure here suggests conviction behind this move. Whether this is a pause before the next leg up or accumulation zone depends on what comes next, but the technicals are pointing in the right direction right now.
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Silver is consolidating nicely after breaking out from that ascending triangle. Check the candle action today—it's pretty clean. Small range, lower wick, and sitting inside yesterday's range, which tells you something important: the market tested support intraday and held. That lower wick? Classic signal that dips are getting bought. You're watching buyers step in when price pulls back, which is exactly the kind of price action that keeps uptrends alive. The structure here suggests conviction behind this move. Whether this is a pause before the next leg up or accumulation zone depends on what comes next, but the technicals are pointing in the right direction right now.