Silver is trading around 62.73 and continues to respect the 62.40 pivot, keeping the short-term trend bullish. Buyers are defending dips well, and sustained trade above 62.60 suggests momentum remains intact.
Key Levels to Watch:
- Resistance: 63.10 / 63.60 / 64.20
- Support: 62.20 / 61.70 / 61.10
Bullish Scenario:
As long as price holds above the 62.40–62.20 zone, buy-on-dips remains valid. A move and hold above 62.60 can push Silver toward 63.10, followed by 63.60.
Bearish Risk:
A sustained break below 62.20 may trigger profit booking and expose 61.70.
Intraday Strategy:
Buy dips near 62.40–62.20, keep a stop below 61.90, and target 63.10 / 63.60. Shorts are preferred only on acceptance below 62.20.
Bottom Line:
Bias stays bullish above 62.40. Bulls remain in control unless 62.20 breaks decisively.
For Trade setup and more : https://t.co/3XzG4OR5Am
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