Silver: Complex Head & Shoulders Signals a Potential Breakdown

Silver: Complex Head & Shoulders Signals a Potential Breakdown

Silver is forming a potential and complex Head & Shoulders pattern after a strong bullish rally, with the recent price action developing a clear left shoulder, head, and right shoulder.

Price is currently testing the right-shoulder area. If sellers regain control and the pattern confirms with a breakdown, Silver could begin a deeper corrective move toward the key support zones.

Bearish Targets:
🎯 63.00
🎯 60.00

The 63.00 zone is the first important support and could provide a temporary reaction. A clean break below it would increase the probability of a move toward 60.00.

For the bearish setup to remain valid, Silver should not rise more than the top of the pattern.

⚠️Watch carefully for reversal signs ... it's too risky to sell now.

You can find more details on the chart.
Thank you! 🍀

⚠️PS: Do your own analysis and use your own strategy to join the trade.
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