Silver has hit a key resistance around $40.65 – $40.70 while forming a rising wedge pattern, a bearish signal. From this zone, I expect a rejection and a strong drop toward the support area near $37.80.
📉 Bearish Outlook
Resistance: $40.65 – $40.70
First Target: $39.50
Final Target: $37.80
📉 Bearish Outlook
Resistance: $40.65 – $40.70
First Target: $39.50
Final Target: $37.80
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.