Argento / Dollaro
Long
Aggiornato

Silver Extends Its Downtrend | Key Support Levels in Focus

54
Silver continues to trade within a well-defined bearish structure, respecting the descending trendline while forming a sequence of lower highs and lower lows. The recent rejection from resistance has reinforced the current short-term trend, with sellers maintaining control of price action.

The highlighted projection illustrates a possible scenario where price experiences a brief intraday rebound before testing lower support levels again. As long as price remains below the descending trendline and recent swing resistance, the current corrective structure remains intact.

Market participants may closely monitor price behavior around the nearest support zone for signs of stabilization or continuation.

Key Resistance
57.60 – 57.80
58.50
Key Support
56.50
55.80
54.80
Potential Targets

🎯 Target 1: 56.50
🎯 Target 2: 55.80
🎯 Target 3: 54.80
Trade attivo
update
Trade chiuso: obiettivo raggiunto
updaate

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