Silver has now retraced approximately 55% from its all-time high. Despite several relief bounces along the way, each has failed and led to fresh lows, confirming ongoing selling pressure.
We are now approaching a critical support zone on the weekly timeframe with strong confluence:
While I believe Silver could eventually see lower prices in the bigger picture, the heavy confluence at these levels — combined with the metal’s high volatility — suggests we should see at least a short-term bounce or recovery from here on the weekly timeframe. NFA
We are now approaching a critical support zone on the weekly timeframe with strong confluence:
- 100-week EMA
- Previous highs around $54.40 (old resistance now flipping to potential support)
- 0.886 Fibonacci retracement of the swing low to ATH
- Possible bullish RSI divergence forming on the daily chart
While I believe Silver could eventually see lower prices in the bigger picture, the heavy confluence at these levels — combined with the metal’s high volatility — suggests we should see at least a short-term bounce or recovery from here on the weekly timeframe. NFA
BTC updates on X: x.com/Maxi_Onti
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
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BTC updates on X: x.com/Maxi_Onti
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。