Pretty similar to Gold, Silver also failed to break above resistance yesterday and started to roll back down.
A few hours ago, the price touched short-term support and is now seeing a minor rebound.
However, the structure has clearly turned bearish, with lower highs confirming momentum exhaustion.
If 47.50 support breaks, a visit to 45.50 becomes highly probable — and even a test of the psychological 45.00 level shouldn’t be ruled out.
My strategy is to sell rallies, ideally near intraday resistance, following the medium-term bearish bias.
A few hours ago, the price touched short-term support and is now seeing a minor rebound.
However, the structure has clearly turned bearish, with lower highs confirming momentum exhaustion.
If 47.50 support breaks, a visit to 45.50 becomes highly probable — and even a test of the psychological 45.00 level shouldn’t be ruled out.
My strategy is to sell rallies, ideally near intraday resistance, following the medium-term bearish bias.
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.