🚀 Silver has been recovering strongly after reacting from the lower support zone. Price has now broken above the dynamic resistance and is approaching an important resistance zone, making this a key area for the next move.
🏆 Previously:
📈 Bullish scenario
If price breaks and holds above the current resistance zone, we can expect more upside. A confirmed breakout could push price toward the higher zone near the previous highs.
📉 Bearish scenario
If the current resistance rejects price and Silver breaks below the nearby support zone, we can expect more downside. A stronger breakdown could lead price toward the larger lower support zone.
⚡ Overall, Silver is showing bullish momentum, but the current resistance zone is the key level to watch. A clean breakout could confirm another bullish expansion, while rejection could trigger a deeper pullback.
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🥇“The Z impact” trading team is here to help new traders with technical analytics and fundamentals.
⚜️Mostly trading indicators
📞Support: t.me/theZSupport
💎Our website: TradeZimpact.com
💡Our Channel: t.me/TheZimpact
⚜️Mostly trading indicators
📞Support: t.me/theZSupport
💎Our website: TradeZimpact.com
💡Our Channel: t.me/TheZimpact
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.