Potential Intermediate Silver Peak

📉 Silver Futures Update – June 5, 2025

Silver may be nearing a short- to medium-term peak, with several indicators aligning toward a corrective phase:

• RSI shows bearish divergence on lower timeframes
  
• Momentum is stalling despite higher prices
  
• Candlesticks signal indecision/topping
  
• Volume surged on breakout but is now fading
  
• Cycles & Seasonality point to early June peaks
  
• COT shows heavy commercial shorts → institutional caution
  
• Wave (3) may have completed near $36.20 → setting up for Wave (4) pullback
  

📊 Bias: Moderately Bearish (Short-term), Long-term Bullish

📆 Trade Ideas
Intraday (June 6):

• Short: $35.90–$36.10
  
• Stop: $36.35
  
• Targets: $35.35 / $34.95 / $34.55
  
• Watch 6–9 AM EST for cycle reversal
  

Short Term: Short on breakdown below $35.50
Medium Term: Buy Wave (4) dip $33.50–$34.00
Long Term: Accumulate $30–34 zone | Target $47+

⚠️ **Caution** advised for new longs. Await dip for better R/R.