Have you noticed the density of liquidation maps for silver?🤔 It's something incredible for such an asset. $XAG is currently in a growth phase, supported by the rise of OI and contracts from retail shorts.
🔺Nearest scenario (UP)
Based on the current bullish consolidation and the crowd of short sellers, we expect a breakout at the level of $70.56. The next target is a cascade of liquidations in the zone of $72.46 - $75.00, where the clustering of short orders creates a "void" that the price will fly through instantly. The global target remains at🫣 $80.86.
🔻Risk level (DOWN)
The zone of $61.26 - $62.00 remains a "toxic magnet" with colossal liquidity of longs. This is a "black swan" scenario or a global correction after all upper targets have been hit.
As long as the price holds above $68.45 (EMA 99), the priority remains a "short squeeze" to $75+. We are preparing for volatility.👇
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