Analysis

Silver is showing a bullish rebound setup from support near 73.05, with price currently around 75.99. A move above the near-term consolidation could open the path toward the projected resistance/target at 81.20, while the setup is invalidated below 73.05.

In Elliott Wave terms, the chart appears to mark a completed five-wave decline into wave 5 near 73–74. The projected path suggests an A-B-C corrective recovery, with wave C aiming toward 81.20; a break below 73.05 would invalidate this bullish recovery count.

Wave: A-B-C recovery after wave 5