In today’s technical analysis, let’s focus on silver. Silver has been on the front page for quite some time now, but the new week has brought a fresh technical development worth highlighting.
Toward the end of last week, silver entered a flat correction phase, forming a pennant structure marked with red trendlines. A flat correction is a sign of strength, as it shows that despite an extended prior move, sellers are unable to force a deeper pullback and buyers remain firmly in control. This type of consolidation typically favors continuation rather than reversal.
The new week opened with price still trading inside the pennant, but the balance did not last long. Within the first part of the session, silver broke out decisively to the upside, escaping the consolidation pattern. This breakout immediately pushed price into new all-time highs, confirming continuation of the dominant trend.
From a technical perspective, this move generates yet another buy signal within an already very strong and stretched uptrend. The structure remains clearly bullish and increasingly hyperbolic, highlighting persistent demand and aggressive buyer behavior. While the trend is extended, the price action itself continues to validate strength rather than exhaustion, and for now, silver remains firmly under bullish control.