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.
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