Silver (XAG/USD) has shown a strong bullish recovery, confirming a potential trend shift after printing a bullish engulfing candle on the daily chart.

This move is supported by a higher low formation earlier in the week, strengthening the bullish structure.

💡 Market Structure
✔ Higher low confirmed
✔ Bullish engulfing candle signals reversal strength
✔ Buyers currently in control of trend direction

⚠️ Short-Term Warning
Although the trend is bullish, technical indicators show:
📊 H4 RSI is entering overbought territory
👉 This suggests price may experience consolidation or pullback before continuing higher
📊 MACD remains positive
👉 Uptrend momentum is still active

📈 Pattern Formation
Price is currently forming the C–D leg of a Gartley pattern, targeting higher resistance levels.

🎯 Key Levels
🟢 Resistance Targets:
$80.00 → Psychological level & key target zone
$83.06 → April high (major resistance)

🔴 Support Levels:
$76.70 → Previous range top (now support)
$72.15 → Weekly low (strong support zone)

💡 Market Outlook
Silver remains bullish overall, but short-term retracement is possible before continuation toward higher targets.
📈 Trend = Bullish
⚠️ Short-term = Overbought correction risk