After going on a blistering run in the second half of 2025, an equally impressive start of the year, and a volatile correction exacerbated by the Middle East conflict, silver has finally taken a breather in April.
However, its latest price action points to a potential bullish continuation.
Silver monthly chart (Source: TradingView)
After a December close above $70, despite repeated tests, that level has held, establishing a strong support. Meanwhile, the highest month close was in February at $93.75 – the level that needs to be overcome to solidify the next leg higher. However, nearly halfway through the month, May shows a bullish impulse – the price has failed to reach a previous month’s low and instead turned around to clear the previous month’s high. As long as it doesn’t close inside the previous month’s range or break support, the structure remains bullish.
This post was originally published here
