Silver – Weekly Analysis

In this weekly Silver Technical Analysis, we examine the latest candlestick signals, momentum structure, Elliott Wave paths, and key support and resistance levels across multiple timeframes. We also evaluate the potential August closures on the monthly and larger frames and identify the levels that could materially shift the probabilities. With several scenarios still active, the next technical confirmations may determine whether Silver is preparing to establish a meaningful long-term bottom—or whether the larger bearish targets remain in play. CANDLES: Silver ended the week with very mixed signals. The weekly candle was bullish, but the daily lost momentum in the closing hour and formed a potential Advance Block, which requires confirmation for either path. The monthly candle is tracking bullish so far, while the 4M frame remains on course for a Bearish Engulfing unless Silver adds roughly 5% over the remaining six days. The most concerning technical development is the monthly…