From TradingView · · 1m 30s
Silver knocks on 63.90
A trader's read on why silver's bounce off 62.40 could turn into a run at 65.30.
In brief
A trader's read on why silver's bounce off 62.40 could turn into a run at 65.30. The bullish case lives or dies on whether buyers keep making higher lows under 63.80; a clean break above that zone is the trigger, not the bounce itself. Originally reported by TradingView.
Silver bounced off 62.40
Price fell to the major support zone near 62.40 and buyers stepped in hard. The recovery from there is what sets up everything that follows.
“Silver has recovered strongly from the major support zone around 62.40”
The wall sits at 63.80
Silver is now pressing into resistance between 63.80 and 63.90. It has been rejected around here before, which is exactly why the level matters.
Higher lows keep stacking
Each pullback is finding a floor above the last one. That structure is the tell that buyers are still in control, not just reacting.
“buyers defending lower levels while price continues forming higher lows”
Breakout opens the liquidity
A move above 63.90 that actually holds, not a quick wick through it, would clear the path toward the liquidity pockets marked higher on the chart.
“A successful breakout and acceptance above the highlighted resistance zone”
Three targets on deck
The plan stacks upside in steps: 64.35 first, then 64.70, with 65.30 as the stretch. Each one is a place to take something off, not a promise.
The thesis has an off switch
The long idea holds only while those higher lows survive. Lose them and the setup is void. This is one trader's view, not advice, so size the risk yourself.
“This is a personal market view and not financial advice.”
The essence
The bullish case lives or dies on whether buyers keep making higher lows under 63.80; a clean break above that zone is the trigger, not the bounce itself.
