SILVER: One More Drop Before the Bottom?

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SILVER: One More Drop Before the Bottom?Silver (per 0.5) CFDFOREXCOM:SILVERzarixschoolSilver is still getting hammered. But here's what has my attention: We may be getting close to an important weekly bottom — even if there's more selling ahead. I've been watching this decline closely, and both price and timing are starting to point toward a potential turning point. But I'm not calling the bottom just yet. 📉 WEEKLY: Two Levels I'm Watching Closely Silver has been falling hard, and the weekly chart is approaching an area where buyers could start stepping in. Here are my key levels: 🎯 4,815 — First major support. 🎯 4,461 — The deeper support that really matters. I'm paying particular attention to the 4,462 area. If silver keeps dropping, this is where I believe the chances of a meaningful weekly bottom could become more interesting. That doesn't mean price has to reverse immediately. Bottoms often take time to develop. 🔍 DAILY: Sellers May Not Be Finished Yet Here's the catch. The daily chart is still bearish, and I wouldn't be surprised to see another 1–2 trading days of downside before a stronger recovery begins. If price continues lower, I'm watching: • 4,721 — Next daily support. • 4,544 — Another important support level. I'm not interested in guessing the exact bottom. I want to see how price reacts when it gets there. 🚀 WHAT WOULD CHANGE THE SHORT-TERM OUTLOOK? 5,164. That's the level I'm watching for a potential shift in momentum. If silver moves above 5,164, it could signal that the latest selling wave is running out of steam. That would open the door to a recovery lasting at least a few days. It wouldn't automatically confirm a major weekly reversal, but it would be an encouraging first step. 🔥 MY TAKE I believe silver is getting closer to a weekly bottom. But the daily chart is telling me not to rush. Here's my game plan: 🔴 Below 5,164: Sellers still have the upper hand. 🎯 4,815–4,461: My main weekly support zone. 🟢 Above 5,164: A short-term bullish recovery becomes more likely. ⚠️ Below 4,461: I'd need to reassess the weekly-bottom scenario. The bottom may be close. But close doesn't mean confirmed. And sometimes, the most interesting setups appear when everyone is still watching the market fall. 👇 What's your take? Does silver have one more leg down, or are buyers about to make their move?