SILVER

Wait 5 sec.

SILVERSilver/AUDOANDA:XAGAUDTrading_Tips1Silver market shows a transition from a strong bullish trend into a corrective phase. Price was previously moving within a well-defined ascending channel before experiencing a sharp bearish breakdown, indicating a temporary loss of bullish momentum. Following this drop, price has stabilized and is now consolidating within a smaller upward-sloping channel, suggesting a potential recovery or accumulation phase. Bullish Outlook; If price holds above the support zone and maintains higher lows, a breakout above 106 could trigger upward momentum toward the 109–111 resistance area a breakdown below the 102.5 support zone would invalidate the bullish structure and may lead to further downside toward lower levels. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.