silver's current move is already up >25%. it's better to have a pullback somewhere around the current level

silver's current move is already up >25%. it's better to have a pullback somewhere around the current level it can move up even further, extending the total move to ≈60%, but then you’ll get a larger and longer lasting pull back when silver moves in smaller increments, it has shorter-lasting consolidations/pullbacks. so this is what i mean by "better"

1 month ago I wrote that silver could extend its current move to ≈60% from the ≈$34.5 price level silver topped exactly there at ≈$54.5 now my next notes: treat the pullback and any price consolidation action as a buying opportunity during the next 6 months long positions entered in this area will be in profit. likely sooner, but 180 days provides a higher confidence timeline

silver could pullback to ≈$40 before continuing its uptrend this represents a ≈27% correction from the top this is the lowest possible bottom for this move - it probably won't go this low. if it does, the move will happen fast, so have your buy limit orders ready. next week is FOMC interest rate decision. the Fed will cut the rates by another 25bps, and other things equal - it's positive price pressure for silver if the price breaks below $47, it will likely fall closer to $45. expect a stronger support in the $43-45 area overall, any prices in the vicinity of September 15th 2025 prices is a GREAT buying opportunity * keep in mind the total 75 bps interest rate cut by the Fed this year is already in progress of being priced in - the market doesn't wait for the official announcement. this is one of the reasons why you had so much upside price volatility in the last month