SILVER 12H: Trendline Breakdown Puts Lower Support Levels in Focus
SILVER | 12H Educational Analysis
Silver has broken below a key ascending trendline and is currently trading beneath a former support area, suggesting increasing bearish pressure.
🔹 Resistance Area: 71.00 – 74.00 🔹 Current Price Area: 62.60 🔹 First Support Target (TP1): 56.00 🔹 Second Support Target (TP2): 45.00
Educational Trade Setup: • Entry Area: Bearish rejection below 71.00 • Stop Loss (SL): Above 75.00 • Take Profit 1 (TP1): 56.00 • Take Profit 2 (TP2): 45.00
Analysis: Price has lost its bullish trendline support and failed to reclaim the highlighted resistance zone. The recent breakdown indicates weakening bullish momentum, while the structure favors a move toward the next major support levels. As long as price remains below the resistance area, sellers may continue targeting lower zones. A sustained move above resistance would invalidate the current bearish outlook.
Disclaimer: This analysis is for educational and informational purposes only and does not constitute financial advice. Always perform your own analysis and apply proper risk management before trading. :::
SILVER | 12H Educational Analysis
Silver has broken below a key ascending trendline and is currently trading beneath a former support area, suggesting increasing bearish pressure.
🔹 Resistance Area: 71.00 – 74.00 🔹 Current Price Area: 62.60 🔹 First Support Target (TP1): 56.00 🔹 Second Support Target (TP2): 45.00
Educational Trade Setup: • Entry Area: Bearish rejection below 71.00 • Stop Loss (SL): Above 75.00 • Take Profit 1 (TP1): 56.00 • Take Profit 2 (TP2): 45.00
Analysis: Price has lost its bullish trendline support and failed to reclaim the highlighted resistance zone. The recent breakdown indicates weakening bullish momentum, while the structure favors a move toward the next major support levels. As long as price remains below the resistance area, sellers may continue targeting lower zones. A sustained move above resistance would invalidate the current bearish outlook.
Disclaimer: This analysis is for educational and informational purposes only and does not constitute financial advice. Always perform your own analysis and apply proper risk management before trading. :::
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.
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.