Silver’s recent bounce from the $56 support level may be offering false hope to bulls, according to the technical analyst who precisely flagged that floor months ago. DeepValue Signals, the analyst behind the accurate call, now insists that the correction is not finished until two specific conditions are met.
The problem with early bottom calls
The chart shared by DeepValue Signals highlights a pattern of premature bullish calls. An inset shows an earlier bottom call made nearly $30 higher, underscoring how traders repeatedly misinterpret short-lived rebounds as sustainable reversals. The analyst notes that while the $56 support held as expected, that alone does not confirm a trend change.
What a real bottom requires
For a genuine turnaround, silver must reclaim the early-to-mid $60s price zone, a resistance area that sellers have defended throughout the pullback. More importantly, silver miners must confirm the move by outperforming the metal itself. Historically, mining stocks lead during major trend shifts, and their absence in the current bounce is a red flag.
Long-term structure still intact
Despite the near-term caution, the multi-decade chart remains bullish. A massive rounding-bottom pattern that completed between 2023 and 2025 suggests silver is in a secular bull market. The breakout above the $49–$50 zone is a structural shift, but corrections within that trend can be deep and prolonged. Until the price recaptures the $60s and miners show relative strength, the analyst maintains that this bounce is just another leg within an ongoing correction.
