Silver – Weekly Analysis

Silver just recorded a rare technical event, and the message is not exactly friendly for the $100 crowd. For those expecting a fast return to triple digits and beyond, the latest signal suggests the market may require far more patience than optimism. In this weekly report, we analyze the underlying technical forces, evaluate the evolving risk profile, and identify the key inflection points that could determine silver’s next major move. CANDLES: In April, silver recorded almost the same candle and technical signal it printed in 2011: a Dark Cloud Cover on the 2M frame. The mirroring of the formation and its technical backing are impressive. If silver follows the path blazed in 2011–2019, the outcome could be a slow and painful decline, one of the scenarios we discussed earlier in January. As a reminder, 2011 marked the start of a major bear market that lasted nine years and cost silver…