Silver has now retraced approximately 55% from its all-time high. Despite several relief bounces along the way, each has failed and led to fresh lows, confirming ongoing selling pressure.
We are now approaching a critical support zone on the weekly timeframe with strong confluence:
While I believe Silver could eventually see lower prices in the bigger picture, the heavy confluence at these levels — combined with the metal’s high volatility — suggests we should see at least a short-term bounce or recovery from here on the weekly timeframe. NFA
We are now approaching a critical support zone on the weekly timeframe with strong confluence:
- 100-week EMA
- Previous highs around $54.40 (old resistance now flipping to potential support)
- 0.886 Fibonacci retracement of the swing low to ATH
- Possible bullish RSI divergence forming on the daily chart
While I believe Silver could eventually see lower prices in the bigger picture, the heavy confluence at these levels — combined with the metal’s high volatility — suggests we should see at least a short-term bounce or recovery from here on the weekly timeframe. NFA
BTC updates on X: x.com/Maxi_Onti
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
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BTC updates on X: x.com/Maxi_Onti
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
More resources: maxionti.com/
orange pilled & chronically watching candles.
Just sharing charts, thoughts, and emotional damage. NFA
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。