**SIL — Micro Silver Futures (May 2026)** **4H Chart Breakdown**Micro Silver Futures (May 2026)COMEX_MINI:SILK2026EthicalxTrader**SIL — Micro Silver Futures (May 2026)** **4H Chart Breakdown** *Overnight session in progress* --- ### 🔍 Key Observations • SIL is currently trading around **71.40**, attempting to stabilize after a **sharp selloff and liquidity sweep into the low ~62–63 zone**. • Price has clearly **broken down from prior structure at 78.21 → 75.70 → 73.31**, confirming a **bearish shift in trend on the 4H timeframe**. • The recent bounce has pushed price back into the **71.00 – 71.67 zone**, which is a **key prior support turned resistance level**. • Current structure is forming a **lower high into resistance**, indicating **sellers are still active on bounces**. • The measured move drawn shows **upside potential toward ~78–83 if reclaimed**, but that requires a **confirmed break above current resistance**. • Volume spiked heavily on the selloff and remains elevated, suggesting **continued volatility and active participation**. --- ### 📊 Key Levels to Watch **Immediate Resistance** • **71.03 – 71.67** → Key pivot zone • **73.31** → Strong resistance • **75.70 – 78.21** → Major resistance zone • **80.49 – 83.18** → Higher resistance targets **Support Below** • **67.82** → Immediate support • **65.71** → Key support • **62.83** → Major support • **58.26** → Liquidity low --- ### 🧭 Trading Plan #### Bearish Scenario Trigger: Rejection within **71.03 – 71.67** Targets: • **67.82** • **65.71** • **62.83** Stop Loss: • Sustained move above **73.31** --- #### Bullish Scenario Trigger: Strong reclaim and hold above **71.67** Targets: • **73.31** • **75.70** • **78.21** • **80.49+** Stop Loss: • Loss of **69.50** --- ### 🧠 Summary SIL is currently **retesting a key breakdown zone around 71.00–71.67 after a sharp selloff**, making this a **critical decision area**. If price **fails to reclaim this level**, the structure favors **continuation lower toward mid-60s support**. If bulls can **reclaim and hold above 71.67**, there is room for a **stronger recovery move**, but overall structure remains **bearish until higher highs are established**. This is a **classic lower high setup unless proven otherwise.**