Silver: Approaching Major DP Zone With Two Possible Paths to 53

[nihalsari]

Hi 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.

Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.

[Rimon Khan]

Critical zone ahead—reaction here will define the next major move.

[Rimon Khan]

Silver’s setup looks interesting; both scenarios have strong potential.