Silver has been trading inside a well-defined ascending channel and recently reacted from a higher-timeframe resistance zone around 67.10 - 67.30.
Price is currently consolidating near mid-channel support after failing to extend higher. The idea is based on a potential rejection from resistance followed by a breakdown of the current support structure, which could trigger a move toward lower demand zones.
🎯 Bearish Targets
✅ Target 1: 65.10
✅ Target 2: 63.70
✅ Target 3: 62.40
📌 Technical Confluences
• Rejection from major resistance area (67.10 - 67.30)
• Price approaching channel support
• Loss of bullish momentum near highs
• Potential sell-side expansion if support breaks
• Room for retracement toward previous demand zones
Invalidation: Sustained strength above 67.30 would challenge the bearish outlook.
⚠️ This analysis reflects my current interpretation of market structure and price action. Always wait for confirmation and apply proper risk management.
Note: This analysis for educational purpose only not for financial advise.
Price is currently consolidating near mid-channel support after failing to extend higher. The idea is based on a potential rejection from resistance followed by a breakdown of the current support structure, which could trigger a move toward lower demand zones.
🎯 Bearish Targets
✅ Target 1: 65.10
✅ Target 2: 63.70
✅ Target 3: 62.40
📌 Technical Confluences
• Rejection from major resistance area (67.10 - 67.30)
• Price approaching channel support
• Loss of bullish momentum near highs
• Potential sell-side expansion if support breaks
• Room for retracement toward previous demand zones
Invalidation: Sustained strength above 67.30 would challenge the bearish outlook.
⚠️ This analysis reflects my current interpretation of market structure and price action. Always wait for confirmation and apply proper risk management.
Note: This analysis for educational purpose only not for financial advise.
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.