Silver / U.S. Dollar
Short

Silver – Selling into Resistance for Short-Term Correction

26
Trade Idea
  • Type: Sell Limit
  • Entry: 3810
  • Target: 3679
  • Stop Loss: 3856

Duration: Intraday
Expires: 13/08/2025 06:00

Technical Overview
  • Price action is forming a top, suggesting a potential short-term reversal.
  • Sentiment has turned negative, creating scope for a further correction lower.
  • Hourly chart indicates room for limited upside before the downtrend resumes.
  • Strategy is to sell into rallies, using a tight stop to capture a downside move.

Key Technical Levels
  • Resistance: 3845 / 3950 / 4085
  • Support: 3720 / 3630 / 3460

Next Volatile Events
  • 13:30 – Consumer Price Index (MoM) – US
  • 13:30 – Consumer Price Index ex Food & Energy (YoY) – US
  • 13:30 – Consumer Price Index ex Food & Energy (MoM) – US
  • 13:30 – Consumer Price Index (YoY) – US

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