Silver experienced another volatile session early Friday, yet the overall upward trend remains firmly in place. After a slight pullback in recent trading, the market continues to exhibit noisy and technically-driven behavior.
Key Points Highlighted:
📈 Uptrend intact despite recent volatility and overextended price levels
🛡️ Key support level near $90, with further potential support around each $10 increment
🎯 Strong momentum toward the psychologically important $100/oz target
⬇️ Short-term pullbacks viewed as opportunities to buy at relatively lower prices
⚠️ Caution advised—avoid excessive risk, as shorting silver remains dangerous in the current bullish environment
📊 Market remains technical, attracting options traders and creating clustered price action around round-number levels
Bottom Line:
While silver may consolidate or pull back—possibly even toward $80—the broader outlook stays bullish, with dips likely to attract buyers rather than signal a trend reversal.
