The 15-minute Silver chart is showing a well-defined descending channel. Price is currently near 64.21, with the channel acting as the main structure for the recent move.
A possible short-term path shown on the chart is a move toward 63.50, followed by another test around 62.00. This area becomes important for observing whether price can stabilize and develop a higher-low structure.
If momentum shifts upward, the recovery levels to watch are:
64.50 → 65.00 → 66.00 → 67.00 → 67.50
The 62.00–63.00 region is therefore an important area on this chart. A sustained move above the descending channel would provide stronger confirmation of a structure change.
15M Structure: Descending channel
Current Price: ~64.21
Key Support: 63.00 / 62.00
Key Resistance: 64.50 / 65.00
Higher Levels: 66.00 / 67.00+
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