The silver market experienced a slight pullback on Monday, potentially signaling the formation of a double top pattern. While this is a significant technical barrier, many traders are closely watching the $30 level as a key support area. Despite the possibility of a pullback, some analysts believe that this could present a buying opportunity as the market searches for value. The current position of the 50-day Exponential Moving Average (EMA) just above $30 is also adding to the market’s intrigue. Attention is focused on the potential for a bounce back up in silver prices, with the $32.75 level being a crucial resistance to monitor. A break above this level could signal a move towards the $35 mark. Factors such as ongoing inflation and a slightly stronger U.S. dollar are influencing the movement of silver, with market momentum showing a slight favor towards the precious metal. Although there are indications of a divergence on the Moving Average Convergence Divergence (MACD) indicator, with a high in May not being completely reflected in the current trend, analysts remain cautiously optimistic. The overall sentiment suggests that if silver manages to surpass previous resistance levels, such as the shooting star from Thursday’s session, there is potential for further upward movement in the price towards the $35 level.