Silver at Resistance: Breakout or Pullback?SILVER (US$/OZ)TVC:SILVERFlorinChartsOn the daily chart, price is pressing into a major resistance zone around 93–96, while riding an ascending trendline from the recent swing low. This creates a classic compression setup: higher lows into horizontal resistance. When price compresses like this, expansion usually follows. 📊 Technical Overview Key Levels 🔴 Resistance: 93–96 🟢 Support: 70–72 🟢 Rising trendline acting as dynamic support Scenario 1: Bullish Breakout If silver breaks and closes strongly above the 96 area: - Expect momentum continuation - Possible retest of broken resistance as new support - Upside expansion likely toward prior highs Breakouts after compression often move fast. Confirmation would be: - Strong daily close above resistance - Increased bullish volume - No immediate rejection wick Scenario 2: Rejection and Pullback If price fails to break resistance: - Expect a move back toward the rising trendline - If trendline breaks → likely retest of 70–72 support - Loss of higher low structure = short-term bearish shift A rejection here would confirm sellers are still defending this zone. What Makes This Setup Interesting? - Clear horizontal resistance - Clear dynamic support - Tightening structure (energy building) - Clean risk-to-reward opportunities This is the type of chart where patience matters. Let price choose direction. Silver is at a decision level. The next strong daily move will likely define short-term direction. Watch the reaction, not the prediction.