FUNDAMENTALOVERVIEWSilver has been regainingsome ground over the past few days, supported by a couple of optimisticdevelopments on the US-Iran front. On Monday, prices jumped after Trump announced on his Truth Social account a five-day ceasefire aimedat paving the way for “a complete and total resolution of the hostilities”. Late yesterday, silver got another boost after Israel’s Channel 12 reported that a month-long ceasefire couldbe announced while the US and Iran negotiate 15 key points. Traders are nowwaiting to see whether Iran accepts the plan. If it does, silver couldextend its gains toward the 96.00 level. On the other hand, a rejection mightput prices back under pressure, potentially dragging silver down toward the50.00 handle.SILVER TECHNICALANALYSIS – DAILY TIMEFRAMEOn the daily chart, we cansee that silver bounced on the first major upward trendline. The buyers steppedin with a defined risk below the trendline to position for a rally back intothe 96.35 level. The sellers will wantto see the price breaking below the trendline to increase the bearish bets intothe next trendline.SILVER TECHNICAL ANALYSIS –4 HOUR TIMEFRAMEOn the 4 hour chart, wehave a downward trendline defining the bearish structure on this timeframe.From a risk management perspective, the sellers will have a better risk toreward setup around the trendline with a defined risk above it to position fora drop back into the upward trendline. The buyers, on the other hand, will lookfor a break higher to increase the bullish bets into the 96.35 level next.SILVER TECHNICAL ANALYSIS –1 HOUR TIMEFRAMEOn the 1 hour chart, we havea minor upward trendline defining the bullish momentum on this timeframe. Wecan expect the buyers to lean on the trendline to keep pushing into new highs, while the sellers will look for a break topile in for a drop back into the major upward trendline. The red lines define theaverage daily range for today. UPCOMING CATALYSTSTomorrow we get the latest US Jobless Claims figures and a potential US-Iranmeeting in Islamabad. The focus is now on US-Iran negotiations. This article was written by Giuseppe Dellamotta at investinglive.com.