On the 4-hour chart, silver is steadily advancing along an upward trendline that has been in place since early February. As long as the price can hold this line and rebound, short-term targets include testing the 90 region first, followed by challenging the 96 supply zone — which is also the current key liquidity target and major resistance level.



However, if the trendline is broken and the price clearly falls below 82, it could further decline to the premium demand zone around 72-74, clearing out some weak positions before potentially restarting the upward move. It is worth noting that if a strong bullish engulfing pattern appears or if the price directly breaks through 88, it indicates that upward momentum will be reactivated.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin