The silver market is experiencing fluctuations but remains predominantly bullish. Traders are advised to avoid short positions due to the strong market sentiment, with buyers capitalizing on any price dips. Potential for a breakout above $30, leading the market towards $31.50, is being monitored. Short-term corrections are supported near the 50-day Exponential Moving Average and potentially at the $28.50 level. Given silver’s dual nature as an industrial and precious metal, its price movements are influenced by various factors, including the USD strength or weakness. Traders are reminded to exercise caution due to silver’s high volatility compared to other markets. Monitoring economic events through the economic calendar is recommended to stay informed. Ultimately, while silver’s unpredictable nature requires careful monitoring, opportunistic traders can find value in buying during market downturns, given the metal’s track record of aggressive price movements.