By analyzing the #Silver chart on the 1 hour timeframe, we can see that after the war headlines hit the market, Silver initially surged aggressively and reached the $96.37 level. This move pushed the total return of our analysis to more than 6%, confirming the strength of the bullish expansion we anticipated.
However, after this sharp spike, the market experienced an aggressive sell-off and Silver dropped heavily toward the $78 region, creating extreme volatility across the market.
Currently, Silver is trading around the $83.7 level. After such a strong liquidation move, the market may first go through a short corrective phase before buyers attempt to regain control.
If bullish momentum gradually rebuilds, the next upside targets to monitor are $86.7, followed by $88.15, then $91.25, and finally $94 in case of sustained recovery.
Volatility remains extremely elevated, and this chart will continue to be updated step by step as price reacts to key levels.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
However, after this sharp spike, the market experienced an aggressive sell-off and Silver dropped heavily toward the $78 region, creating extreme volatility across the market.
Currently, Silver is trading around the $83.7 level. After such a strong liquidation move, the market may first go through a short corrective phase before buyers attempt to regain control.
If bullish momentum gradually rebuilds, the next upside targets to monitor are $86.7, followed by $88.15, then $91.25, and finally $94 in case of sustained recovery.
Volatility remains extremely elevated, and this chart will continue to be updated step by step as price reacts to key levels.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Trade attivo
After the previous volatility, #Silver continued reacting exactly around the key levels we discussed. Price first moved into the $85 supply zone, where sellers stepped in and pushed the market lower.Following that rejection, Silver dropped into the $80 demand zone, where strong buying pressure appeared again. This reaction triggered another bullish move that pushed the price back toward $85, delivering more than 5% return from the demand area. However, the market once again showed rejection around the $85 resistance, and price has now pulled back toward the $82 region.
At this stage, the $80 level remains the key structural support to monitor. If Silver manages to hold and stabilize above $80, the bullish continuation scenario remains valid. In that case, the next potential upside targets are $85, followed by $88, then $91, and potentially $95 if bullish momentum continues to build. As always, the reaction around key demand levels will determine the next directional move.
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
