Silver (XAG/USD) Update, Bottom In?Silver FuturesCOMEX_DL:SI1!The_Alchemist_Trader_Silver has pulled back into the $20 region following a corrective move, tapping into a strong high-timeframe support zone. This level is reinforced by the 0.618 Fibonacci retracement, creating a key area of technical confluence where buyers may begin to step in. Price action at this level suggests the market is attempting to stabilize after the recent downside pressure. Key Highlights: - 📊 High-timeframe support at $20 aligns with the 0.618 Fibonacci retracement - 🔄 Potential SFP (swing failure pattern) forming, indicating liquidity sweep below support - 📈 Reclaim of daily support is critical for a rotation back toward higher resistance levels The presence of a potential SFP adds weight to the bullish case, as it signals that downside liquidity may have already been taken. However, confirmation is still required. A strong reclaim and hold above the current daily support would validate this setup and increase the probability of a move toward range highs. On the flip side, failure to reclaim this level would weaken the structure and expose silver to further downside, potentially continuing the corrective phase. 🚀💎