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Silver Holding Rising Trendline While Recovering From Descending

36
Silver has started to recover after respecting the lower portion of the previous descending structure. The recent price action shows buyers gradually building higher lows while an ascending trendline continues to provide short-term support.

The highlighted projection presents one possible technical scenario where price briefly retests the rising trendline before extending toward the major horizontal resistance around 61.00. As long as the ascending support remains intact, the recovery structure remains constructive.

A successful move above the intermediate resistance could strengthen momentum and increase the probability of testing the next resistance zone.

Key Support
57.80
57.30
56.80
Key Resistance
58.60
59.50
61.00
Potential Targets

🎯 Target 1: 58.60
🎯 Target 2: 59.50
🎯 Target 3: 61.00
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