Vladimir Ribakov breaks down silver's bullish setup across weekly, daily, and 4-hour charts. The metal shows higher highs and higher lows with no bearish signals, and key Fibonacci levels remain intact for potential continuation after any pullback.
Can silver push higher from the current zone? Let's take a look on the charts. On the weekly chart, clean bullish trend, higher highs on the chart, higher highs on the indicator, no signs against. On a daily chart, after bouncing back to the supportive zone, the price holds and respects the support zone and bounces to the upside. The 4-hour chart offers also classical bullish trending structure, 3 higher highs, higher lows without any signs against. As long as these key Fibonacci levels hold, I would expect to see further bullish continuation after any attempt for a pullback. What do you think about the silver? Let me know in the comments.
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