SILVER - A Critical Week for Market Structure SILVER (US$/OZ)TVC:SILVERVIAQUANTIt is time to give a comprehensive update on Silver. This will be a very important week overall, as it will help decide what type of market structure Silver ultimately builds from here. I will include several different charts you can use as reference to track how this week develops. The Breakout Let's begin with the breakout of the symmetrical triangle from this idea: Price broke out of this triangle on August 18, 2026, and had its first successful retest of old resistance, now flipped into new support, on September 1, 2026. As long as price does not close a daily candle back below the trendline, the breakout remains intact and the upside direction stays the likely path forward. The Key Moving Average In addition to that, look back at this idea where I outlined the 3-day 100 MA as significant: This is worth revisiting now (though on the current chart it is displayed as the 300 MA on the daily) since it is currently playing a major role in price action. It has acted as both support and resistance on multiple occasions since that last post. Price is now trading above it and buyers are using this level as support, so keep a close eye on how price continues to interact with this moving average. The Macro Trend Now it is important to zoom out and examine the bigger picture. Here is Silver on the monthly timeframe. Looking at the line chart, which only accounts for candle body closes, there is a clear breakout and retest of old macro resistance dating back to past market cycles: If this structure holds, Silver could see significant price appreciation from here. That said, there are a few hurdles and key developments that still need to happen first. The Quarterly Close Matters Most If Silver is going to begin its next major rally, the first thing it needs to accomplish is closing September somewhere around $75. This matters because Silver is approaching a quarterly close at the end of this month, and where price settles will be significant. If you would like to view my quarterly chart for Silver, view it here: A $75 quarterly close would align with price once again battling the 1.618 extension level. On the other hand, if price stalls for the remainder of this month and lacks the strength to push back toward those levels, the alternative quarterly close scenario would land around $58 to $59. That could print a gravestone doji at the bottom of the range, which could still preserve the necessary structure to push toward $75 in the following quarter instead. Projecting the Next Upside Target Assuming a new low is not made first, the next question becomes where the following high could form. Since Silver remains in a bear market, and every high so far has been a lower high, my target for the next potential lower high is around $80. This aligns with the 0.382 Fibonacci target from the current trend. To view all of these Fibonacci levels, here is a link to one of my charts with them fully outlined: However if you look at Silvers current price action as an inverse head and shoulders pattern that would give a measured move target closer to $90 which would print a higher high in price and at that time I can start projecting bull market rally targets. Conclusion Right now, Silver is in a very good position to see continued price appreciation, given the breakout of the symmetrical triangle on the daily. That said, the quarterly chart matters most of all, and I will be posting an update on how the 3-month chart looks for Silver at the end of this month. Keep an eye out for that.