Silver – Weekly Analysis

Silver bulls finally woke up on Friday—and they did more than just make noise. The move delivered an important technical event that deserves a closer look. Today, we step back from the daily chatter and take the helicopter view. Was Friday the beginning of something bigger, or just another flashy move inside a still-fragile structure? We’ll look at the broader trend, the higher timeframes, and whether the latest bullish push has enough technical support to become more than a one-day celebration. CANDLES & TA: Silver formed a Bullish Engulfing on Friday and managed to close above the 8 EMA. For now, though, that is about as far as the bullish case goes. The 2D frame formed a potential bullish candle, while the weekly closed with a Doji, leaving the odds almost evenly balanced. If the bulls are serious, we need to see momentum expand into the larger timeframes and, eventually,…