Silver: Approaching Major DP Zone With Two Possible Paths to 53Hi Team!
Silver has completed a clean inverse Head & Shoulders pattern and is climbing steadily within a rising channel. Bullish momentum remains intact as price moves toward the DP (Decision Point) zone, which aligns with a key supply area from the previous breakdown.
As price approaches this zone, two scenarios remain most likely:
Scenario 1:
A rejection from the upper boundary of the channel, leading to a corrective pullback toward the mid-channel or lower trendline, before resuming higher toward the $52.9 target.
Scenario 2:
A shallow pullback or brief consolidation just below the DP zone, followed by bullish continuation that drives price directly into the $52.9 target and possibly beyond.
Regardless of which path plays out, both scenarios point toward the same upside objective at $52.9, as long as the rising channel structure remains intact.
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