FUNDAMENTAL OVERVIEW The bullish momentum in silver has waned in recent days, likely due to some profit-taking ahead of the Jackson Hole event. After the Treasury buyback announcement and Bessent’s “verbal” intervention to suppress long-term yields, traders will be eager to see whether Fed Chair Warsh leans against the easing in financial conditions.If he doesn’t, silver will likely get another boost from further easing in financial conditions and the dovish repricing in near-term interest rate expectations. On the other hand, if he pushes back saying things like "recent easing in financial conditions, if sustained, could complicate the process of returning inflation to our target" or "if recent easing threatens progress toward price stability, we will not hesitate to respond appropriately" and so on, the market may interpret it as a signal for a potentially hawkish September FOMC and put pressure on silver. SILVER TECHNICAL ANALYSIS – DAILY TIMEFRAMEOn the daily chart, we have an upward trendline defining the bullish momentum. The buyers will likely lean on the trendline with a defined risk below it to keep pushing into new highs. The sellers, on the other hand, will look for a break lower to pile in for a drop into new lows. SILVER TECHNICAL ANALYSIS – 4 HOUR TIMEFRAMEOn the 4 hour chart, we have the support zone around the 66.50 level adding confluence to the trendline. Again, that’s where we can expect the buyers to step in with a defined risk below the trendline to keep pushing into new highs. The sellers, on the other hand, will look for a break lower to extend the drop into the 63.00 support next. SILVER TECHNICAL ANALYSIS – 1 HOUR TIMEFRAMEOn the 1 hour chart, there’s not much we can add here as the buyers will have a better risk to reward setup around the trendline, while the sellers will need to wait for a break to extend the pullback into new lows. The red lines define the average daily range for today.UPCOMING CATALYSTSToday we get the US Jobless Claims figures. Tomorrow, we conclude the week with Fed Chair Warsh’s speech at the Jackson Hole Symposium. This article was written by Giuseppe Dellamotta at investinglive.com.