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Silver Technical Setup: ADX Signals Room to Run
Looking at silver through the quarterly ADX lens—my go-to indicator for momentum confirmation. The read is clear: silver sits nowhere near overbought territory at the moment.
The fundamentals for a push toward $147 are there to build a case on. ADX strength supports further upside without the usual exhaustion signals showing up yet.
What traders should be watching though: where exactly does the pullback happen? A significant correction from current levels is inevitable—it's not a matter of if, but when and from what price point. That's the million-dollar question sitting in front of us.
For now, the quarterly setup keeps the bias tilted higher, but risk management around potential reversal zones should absolutely stay on the radar.