Silver bullish continuation support at 8615The Silver remains in a bullish trend, with recent price action showing signs of a breakout within the broader uptrend.
Support Zone: 8615 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 8615 would confirm ongoing upside momentum, with potential targets at:
9406 – initial resistance
9707 – psychological and structural level
10000 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 8615 would weaken the bullish outlook and suggest deeper downside risk toward:
8420 – minor support
8127 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the Silver holds above 8615. A sustained break below this level could shift momentum to the downside in the short term.
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