Below 51, Silver Remains Heavy – Watching 47.50 Next1. What Happened After Last Week’s Call
As expected — and exactly as outlined in last week’s analysis — Silver reversed sharply from the sell zone above 52, dropping nearly 4,000 pips from that level.
This was a textbook reversal from resistance, confirming that the 52+ area is a major rejection zone for the metal.
After the drop:
- Price reclaimed the 49 support, showing short-term stabilization,
- But failed to regain the 50.50 zone, which was crucial for a genuine bullish recovery.
- Instead, Silver has now slipped into a sideways consolidation, showing hesitation and lack of strong buyers.
2. Current Market Context – Not the Same as Gold, but Still Bearish
While Silver’s structure is not identical to Gold’s, it shares the same underlying message:
➡️ The market is heavy, not neutral.
Key observations:
- The rebound lacked momentum.
- Every rally since the drop has been corrective, not impulsive.
- The failure at 50.50–51.00 confirms that sellers are still defending this zone aggressively.
This leaves Silver stuck under resistance with a bearish tone, despite the temporary bounce above 49.
3. Technical Outlook – Preparing for the Next Leg Down
Resistance zone:
50.50 – 51.00
This remains the decisive ceiling.
As long as Silver stays below this band, the market structure is bearish, and every rally into this area is a sell opportunity.
Support zone:
49.00
A key reference point.
If Silver breaks below 49 again, sellers will likely push aggressively.
Downside target:
47.50 zone
This is the next major support, and the most logical destination for a completed second leg down.
Given the current rhythm of the market, a drop into this zone is highly plausible if 49 gives way.
4. Trading Plan – Clear, Simple, Disciplined
- Sell rallies into 50.50–51.00 resistance
- More confirmation if price approaches 49 again
- If 49 breaks, expect a continuation toward 47.50
Bias changes only if Silver reclaims 51 with strong buying (low probability for now)
No need to overcomplicate this setup — the market is offering clear technical boundaries.
