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
Pubblicazioni correlate
Declinazione di responsabilità
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.