Silver continues to trade inside a symmetrical triangle pattern on the daily chart, with lower highs meeting higher lows. Price is approaching the convergence zone, where the next decisive move could set the direction.
📍 Current Price: $60.82
📈 Bullish Scenario
Breakout Trigger: Sustained move above the descending trendline.
🎯 Major Target: $71.50
🚀 Next Resistance Zone: $75–79
📉 Bearish Scenario
Breakdown Trigger: Below $54.79
🎯 Downside Zone: $48–46
🔑 Key Levels
Immediate Resistance: $63–64
Major Supply Zone: $69–71.50
Major Demand Zone: $55–59
Critical Support: $54.79
The Bigger Picture: Silver is compressing between descending resistance and ascending support. A confirmed breakout could open the way toward the supply zone, while a breakdown below major demand would weaken the structure.
I’m watching the price action closely rather than assuming the direction in advance.
Personal technical analysis for educational purposes only. Not a recommendation to trade.
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
