SILVER - Almost Breakout Time

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SILVER - Almost Breakout TimeSILVER (US$/OZ)TVC:SILVERVIAQUANTSilver has been compressing for many weeks now below $60. It is finally at the point where a major move has to happen very soon. The main takeaway from this idea is the 21 EMA on the daily, marked in purple and bolded to make it stand out. The others are the SMAs, 50 in green, 100 in red, and 200 in blue. If you recall, back in May I predicted Silver would top around $88 and fall to a low of $54 to $55 in June/July 2026. That idea has played out with extreme accuracy, and I highly recommend going back and reviewing those posts for full context: Since that collapse, what has occurred with the 21 EMA is very important to understand. Once price dropped back below that EMA, algos and market makers have been using it as a level for systematic selling. No daily candle bodies have been able to close above that level since it closed below it on May 17, 2026. I have outlined this with purple arrows on the chart. Even now, with price compressing in this range, that EMA has been the level holding price down. However, trend momentum and other indicators have been flashing signs of underlying strength. For more context and my past ideas outlining this, review them here: Silver has built the right structure to support a move back toward the $70 to $73 level. With the 100 and 200 MA converging around that same level, it could be an early signal that price is about to break out of its current range and begin that move to the upside. I have this labeled "Watch for Retest". The trigger for this would be a close and confirmation above the 21 EMA. Once that occurs, the systematic selling should flip into new demand, supporting the move toward where the next macro lower high is expected to form ($71.60-$73.40).