Technical Analysis:
Silver is trading near the 0.618 Fibonacci ratio on the daily chart, with prices attempting to hold at these levels. On smaller time frames, the consolidation suggests a base formation is underway. If an impulsive move occurs, it could signal a long opportunity. Additionally, there's a fair value gap (FVG) near the 0.618 level, indicating a potential retracement move from the current levels.
Disclaimer: Trading involves inherent risks and may not be suitable for everyone. Past performance is not indicative of future results. It is important to carefully consider your financial situation and risk tolerance before engaging in trading activities.