Silver- Gap Filled. Are New ATHs Next?

Silver once again did what it often does best:

it was the first one to signal a reversal, and
it acted in a more technical and disciplined way, by filling the gap and resolving the imbalance.

That alone makes Silver cleaner to read than Gold at the moment.

Now that the gap is filled and the market is “rebalanced”, the natural question becomes:

Are we going straight back to new ATHs again?

My View: Not Yet

Just like in the case of Gold, I don’t think the next move is an immediate continuation higher.

In my opinion, the more probable scenario is:

a revisit toward the 90 zone
and potentially
another wave of selling just around the corner

The structure is starting to behave like a market that needs a deeper reset before it can trend again.

Bigger Picture Still Bullish (But Context Matters)

To be clear:
– on the medium-to-long term, I remain more bullish Silver than Gold
– Silver’s macro trend is still strong

But we can’t ignore reality:

Silver has almost doubled in value since late December last year

Moves like that rarely continue in a straight line without meaningful corrections.

Conclusion

Silver is still a bullish market long-term — but short-term, I expect:

more downside pressure
a possible move back to 90
and only after that, we can talk seriously about new ATHs again