Silver has shown a strong impulsive move after breaking the descending trendline, signaling a short-term shift in momentum. However, price is now facing a key resistance zone where selling pressure is starting to appear, suggesting possible exhaustion after the recent rally.
The market is currently holding above an important support level, which is acting as a decision zone. As long as this support remains intact, the structure favors a continuation toward higher levels, with buyers potentially targeting the next supply area above.
On the flip side, a clean break below this support would invalidate the bullish momentum and shift the structure back to bearish. This could trigger a deeper pullback toward the demand zone, as the recent move may then be seen as a liquidity grab rather than true continuation.
Overall, price is at a critical point — holding support keeps the bullish scenario alive, while a breakdown opens the door for renewed selling pressure.
Trade active
Trade closed: target reached
\Levels respected perfectly, next move depends on breakout
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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.