Silver: Strong Bullish Structure — 64.0-64.4 Support Holds the Channel
Silver remains in a strong bullish structure, trading inside an ascending channel. Price has pulled back toward the highlighted support zone while maintaining the overall upward trend.
If support around 64.0-64.4 holds, buyers could push price toward the marked resistance levels.
Key Levels:
🟦 Support: 64.0 – 64.4
🟢 1st Resistance: 66.3
🟢 2nd Resistance: 69.0
📈 Bias: Bullish above support
Analysis:
As long as the 64.0-64.4 support zone holds, the ascending channel and broader bullish structure stay intact, keeping the path open for buyers to push toward the marked resistance levels. A confirmed breakout above the 1st Resistance at 66.3 could open the way toward the 2nd Resistance at 69.0.
A breakdown below the support zone would weaken the bullish setup and put the channel structure at risk.
Silver remains in a strong bullish structure, trading inside an ascending channel. Price has pulled back toward the highlighted support zone while maintaining the overall upward trend.
If support around 64.0-64.4 holds, buyers could push price toward the marked resistance levels.
Key Levels:
🟦 Support: 64.0 – 64.4
🟢 1st Resistance: 66.3
🟢 2nd Resistance: 69.0
📈 Bias: Bullish above support
Analysis:
As long as the 64.0-64.4 support zone holds, the ascending channel and broader bullish structure stay intact, keeping the path open for buyers to push toward the marked resistance levels. A confirmed breakout above the 1st Resistance at 66.3 could open the way toward the 2nd Resistance at 69.0.
A breakdown below the support zone would weaken the bullish setup and put the channel structure at risk.
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