Silver stands at the moment of truth.

The price is at $68.83
And the chart paints an accurate picture of what’s happening.

What does the chart say?
Silver rebounded sharply from the 200 EMA at $57.62 in late March,
Then advanced in a narrow rising wedge until reaching the Point of Control.

This purple line is the level where the highest trading volumes are concentrated in the visible range,
The place where the battle is always intense.

Silver has reached it. And stopped.

The Triple Stochastic RSI indicator paints a composite picture:
The fast line at 7 in an oversold zone begins to rise, but the slow and slower lines are declining,
And the apparent classification is clear: "Bearish Sentiment — Sell Zone."

The two scenarios:
A convincing close above the Point of Control with strong volume opens the way toward $80+.

But rejection and a break below the wedge would send the price back toward $62-64 first.

But the chart alone is not enough.
Silver fell 40% from its all-time high in January,
Not due to a fundamental flaw,

But because Iran’s war ignited oil,
Redrew inflation expectations, and delayed interest rate cuts.

Today, with tensions easing in Iran and oil prices retreating, this cycle is beginning to reverse.

And the fundamentals remain solid:
A supply deficit for the sixth year,
Rising industrial demand for solar energy and electronics,
And a historically high gold-to-silver ratio making silver relatively cheap.

Bank of America sees silver above $135 this year,
And JP Morgan forecasts an average above $80.

The chart says: a critical test.
The fundamentals say: the larger trend is still upward.
Which scenario do you see as more likely?
$XAGUSD
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