From the current perspective, the bullish trend in silver at the hourly level is clear: the price has started a strong upward movement from 56.484, showing a pattern of higher highs. Multiple moving averages are in a standard bullish arrangement and diverging upward, providing dynamic support for the price increase, with the short-term trend completely dominated by bulls.
The upward movement is mainly driven by long-bodied bullish candles, with concentrated and active buying pressure. The current price is running close to the intraday high, and market sentiment is strongly bullish.
Silver: Waiting for a price pullback to 63.8, stabilizing around 63.3 to go long, targeting 64.6, 65.
