This is a 2-hour Micro Silver Futures (COMEX) chart** showing price action from mid-December into early January 2026.
Trend context:
Price previously moved higher within an upward channel, indicating a strong bullish phase. That trend later transitioned into range-bound and corrective price action.
Supply zone (upper red band ~79–80)
The chart highlights a clear **supply/resistance area** where price was previously rejected. Current price is again approaching this zone, suggesting selling pressure may re-emerge.
Support zone / 1st target (~71–72)
A well-defined **support zone is marked below current price. This area acted as a reaction base multiple times and is labeled as the **first downside target** if price pulls back.
Lower support / 2nd target (~64–65)
A broader and deeper **demand/support zone** is identified as a **second downside target**, representing a more significant correction level.
Indicator structure:
The blue stepped lines (likely a volatility or channel-based indicator) show price oscillating between upper and lower boundaries, reinforcing the idea of **mean reversion between supply and support**.
* **Overall bias illustrated:**
The chart visually suggests **upside is limited near supply**, with arrows indicating a **potential downward move** toward the first support zone, and possibly the second if momentum weakens further.
In summary, the chart presents a market **testing resistance after a strong advance**, with clearly mapped **support levels below** that may come into play if a pullback occurs.
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join to get daily basis 2-3 free signal for educational purpose
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t.me/+4HnhYAZNJ-lhNmY0
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get information about Gold, BTC and forex market
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.