Silver: Healthy Correction, 43.70 Support in Focus

[m_c_jacob]

As explained in my previous analysis, Silver extended its bullish move toward 45.00.
Naturally, after such a strong advance, the market is now undergoing a correction, with price trading around 44.30 at the time of writing.

The key point: this correction doesn’t look like a trend reversal, but rather a normal pause within the broader bullish context.

Why I remain bullish:
• Corrections are expected after sharp rallies – they allow the market to “reset.”
• The 43.70 support zone stands out as a key level where buyers could step back in.
• Market structure remains intact, with higher highs and higher lows still in place.

Trading Plan:
I continue to favor buying dips into support, with 43.70 being the ideal entry zone. As long as that level holds, Silver is well-positioned for another push higher, potentially retesting the 45.00 zone and beyond.