Trading Insights

Silver remains in a bullish consolidation phase after dropping below $50 during last week’s sharp selloff. The broader pitchfork structure remains intact, reflecting sustained investor optimism toward industrial demand and rate cut expectations.

Key Levels: Support at $47.7 | Resistance at $52.4
Investor Takeaway: RSI trending upward with mild MACD selling pressures; technical structure supports recovery once volatility stabilizes.