Silver is under close scrutiny after a series of liquidity sweeps and a rebound from a confluence demand area, with several TradingView analyses noting accumulation may be completing and buyers stepping in.
One short-term view shows price stabilizing near the $67 to $68 support battleground, while H4 structure remains below EMA34 and EMA89, keeping the near-term downtrend intact unless price moves above $71.5, as reported by a TradingView H4 analysis.
Some analysts identify immediate upside objectives at $69, $72.50 and $77 following the liquidity reaction, and another TradingView post projects a target at $70.92 to fill a bearish fair value gap.
Weekly perspective by analyst Champ_of_Gold frames the market as discounted after a markdown from earlier highs, highlighting a confluence buy zone between 62 and 65 and naming a first upside target at the previous week high near $75 to $76.
Champ_of_Gold sets a clear invalidation rule, saying the bullish reversal view would fail only with a decisive weekly close below $62, not just a wick or intraday sweep.
Risks And Scenarios
Momentum indicators and macro drivers complicate the outlook, as commentator DS notes bearish RSI and MACD signals and the price trading beneath several medium and long term moving averages, favoring shorts while volatility remains elevated.
DS flagged $64.10 as a key level, saying a close below that level would offer an entry for shorts with targets including $58.85, $54.48, $49.30 and $46.00, while a reversal and close above $64.10 would open countertrend long opportunities.
Other TradingView analyses point to institutional demand zones near the week low around $61.18 and suggest buying dips into roughly $61.50, provided those supports hold, while cautioning that recession fears and US dollar strength are weighing on silver.
Traders are advised to watch how price reacts at the 62 to 65 confluence, monitor weekly close levels for invalidation, and manage risk given the mix of supply, demand, and macro risks highlighted across the analyses.
