Silver is still in a downtrend and today it is poking the key marker it would need to clear to start to change that view. There is not much more I can say. The red shaded resistance zone was put there back in Q4 2021 for a reason, and now here we are. Silver will either break on through for a try at the next resistance level of 25.90 or it will fail. My guess? Given the seasonal, I’ll lean to a break on through.
But silver is nowhere near out of the technical woods yet.
