Silver is showing a short-term bullish trend and is currently testing the $38.50 resistance area.
🔻 Bearish Scenario:
If the price rejects $38.50 and closes below $38.00, this could support a decline toward $37.80, followed by a test of the $37.40 support zone.
🔺 Bullish Scenario:
A confirmed breakout and close above $38.50 may open the door for a move toward the $39.00 level.
⚠️ Disclaimer:
This analysis is not financial advice. Please monitor the markets closely and analyze the data before making any investment decisions.
🔻 Bearish Scenario:
If the price rejects $38.50 and closes below $38.00, this could support a decline toward $37.80, followed by a test of the $37.40 support zone.
🔺 Bullish Scenario:
A confirmed breakout and close above $38.50 may open the door for a move toward the $39.00 level.
⚠️ Disclaimer:
This analysis is not financial advice. Please monitor the markets closely and analyze the data before making any investment decisions.
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.
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.