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
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.