Silver Commodity (XAG/USD) (SILVER)

Silver remains in a primary bullish trend.

Despite the violent liquidation candle, price never closed below the Ichimoku cloud and the long-term structure continues to print higher highs and higher lows.

The broader trend channel remains intact, and all five Ichimoku lines… while temporarily compressed… are still rising on the higher timeframe, confirming that the dominant bullish structure remains in place.

Silver completed its Wave (3) extension directly into the Henka-bi timing window and then experienced a controlled liquidation back into structural support.

Price wicked deeply into the lower channel boundary but held well above the rising cloud, rejecting from the major support zone around 70.09 (your chart marks this level explicitly).

The rebound back into the 80–83 region shows the market defending trend structure, with bullish N-wave geometry still intact.

Overhead resistance has not changed… Silver still faces its next meaningful ceiling at 121.64, with the extended Wave (5) projection at 126.03.

The liquidation did not create new resistance; it simply reset the trend.

The move appears to be a parabolic compression rather than exhaustion.

Nothing in the chart signals topping behavior… instead, we see a classic “reset + continuation” pattern typical of metals in the early stages of a strong cycle.

This remains a beginning-of-parabola structure, not the end of one.

Short sellers: proceed with caution.

Silver is still well above the cloud on the higher timeframe.

The Tenkan/Kijun spread has reset, which removes overextension and typically precedes the next expansion move.

Key structural levels visible on the chart:

* 85.42 — Initial bounce zone (local 0.382 region)

* 77.85 — Mid-range retracement (0.50)

* 70.20 — Maximum healthy pullback (0.618) — _this was nearly tagged_

* E ≈ 72.7 — Cloud edge support

* 63.87 – 58.43 — Deep Kumo + cycle-level support cluster

* 54.90 — NT-level support (your chart marks this as a long-term structural floor)

Wave structure:

* Wave (3) has completed

* Current move is Wave (4)

* Wave (5) projection remains targeted toward 121–126

The corrective structure aligns perfectly with the Ichimoku equilibrium zones.

Immediate Support Zones

* 85.42 — First corrective zone

* 77.85 — Mean-reversion support

* 70.20 — Confirmed structural support (major level from your chart)

* 63.87 → 58.43 — Deeper structural cluster

* 54.90 — Long-term floor

Upside Levels

* 121.64 — Major resistance

* 126.03 — Wave (5) 1.618 extension target

As long as price holds above 58.4, the long-term bullish structure remains completely intact.

Your chart shows two critical Henka-bi timing lines:

* Feb 2 — Reaction window (flush + stabilization)

* Feb 18 — Next continuation window

These timing clusters strongly suggest that silver is likely to:

* base above 70–78, and

* initiate its next impulsive leg higher into mid- to late-February.

Kumo twists further out also support bullish continuation into March.

Nothing in the updated chart invalidates the bullish thesis.

Silver still carries the same structural deficits, Western short positioning, and Eastbound physical demand dynamics as before.

The January flush was a healthy reset within an ongoing bull, not the end of the move.

Silver remains in the early stages of a parabolic expansion…

and the chart now confirms it even more clearly.