E-mini Silver Futures

• Short-Term Trend: Bullish breakout as the price moves above the middle Bollinger Band and closes near the upper band.
  
• Medium-Term Trend: Neutral to slightly bullish. The price is recovering from a prior downtrend.
  
• Support: Around $31.00 (near the middle Bollinger Band and a recent consolidation zone).
  
• Resistance: Around $33.50 to $35.00 (historical high and proximity to the upper Bollinger Band).
  
• A breakout above the upper band might indicate continued bullish momentum, but caution is warranted for possible overbought conditions.
  
• The spike in volume accompanying the upward move indicates strong buying interest.
  
• Bullish Case: Sustained movement above $33.50 could lead to further gains, potentially targeting the $35.00 range.
  
• Bearish Case: A reversal to the middle Bollinger Band near $31.00 might signal a pullback or consolidation.