$SLVon chart on the 1-hour timeframe is showcasing a powerful bullish trend, with the price currently trading at 69.60 and maintaining a solid 4.45% gain for the day. After establishing a firm support floor near the 65.52 level, $SLVon has embarked on a consistent upward trajectory, characterized by strong buying pressure that has pushed the price toward its 24-hour high of 69.82. The current price action shows the asset successfully flipping previous resistance zones into support, reflecting growing demand for silver-pegged RWA products. As the price approaches the significant 70.00 psychological barrier, the technical structure remains exceptionally healthy. A decisive break above this level could ignite a fresh momentum wave, driving the asset into a new phase of price discovery.
Target 1: 72.50
Target 2: 75.00
Target 3: 78.50