Hi trade's
Silver price is currently approaching the resistance zone near 39.100, while the risk level remains at 39.500.
If price respects this resistance, we may see a rejection and a move back toward the demand zone at 37.900.
However, if buyers push above 39.500, the bearish setup becomes invalid.
This setup highlights a short opportunity from resistance with demand zone as the key target. Risk management is crucial, as a breakout above 39.500 may shift the trend
Resistance 39.100
Demand 37.900
Risk 39.500
Silver price is currently approaching the resistance zone near 39.100, while the risk level remains at 39.500.
If price respects this resistance, we may see a rejection and a move back toward the demand zone at 37.900.
However, if buyers push above 39.500, the bearish setup becomes invalid.
This setup highlights a short opportunity from resistance with demand zone as the key target. Risk management is crucial, as a breakout above 39.500 may shift the trend
Resistance 39.100
Demand 37.900
Risk 39.500
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Related publications
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.