Silver: Structural High Rejection - Watch for OB

Silver has completed a major upward impulse, pushing to multi-year highs near $58.90. The price is currently at the RESISTANCE level, which often precedes a significant correction after a strong rally. The Relative Strength Index (RSI) is nearing overbought territory, suggesting strong momentum but potentially running out of power.
​Structural Analysis: Short Setup Rationale
​Supply Zone Test: The price has stalled right at the $59.00 RESISTANCE. This is the ceiling where sellers are expected to step in after the strong rally (Breakout).
​Order Block (OB) as Pivot: The immediate support is the Order Block (OB) zone just below the current price (around $56.00 - $57.00). This OB is the pivot point for the short trade.
​The Trigger: The short entry is confirmed by a Breakdown—a strong 4H candle close below the immediate OB. This would signal a structural shift, with supply overcoming the current demand.
​Target Liquidity: If the structural pivot fails, the market will target the deeper liquidity zones to mitigate imbalances:
Invalidation
​The bearish setup is invalidated if the price successfully breaks and closes above the $59.00 RESISTANCE level, which would signal a further push higher, likely toward a new high.