The price has violently broken through the consolidation zone (in red) with an explosive candle on the 15 min. It is clear that buyers have taken control:
đ Clear break of the resistance zone
đȘ 50 SMA and 100 EMA on an upward slope: bullish trend confirmed
đ Very strong momentum, sellers have been swept away
When an asset like Silver breaks out of this zone with such force, it is rarely just a simple move. It shows a significant market appetite for precious metals, especially in the current economic context.
đ The traders who were waiting for the breakout⊠now itâs getting interesting.
đ The latecomers might end up chasing the price.
Silver hasn't had its last word. đ„