Silver Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On the 15-minute chart silver shows a clear loss of upside momentum after a sharp selloff. Price fell aggressively from around 93 to near 86 in a high-volatility move that looks like a liquidation or stop-hunt, followed by only a partial rebound. The short-term bias is bearish to neutral, as price remains below both the 30 and 90 simple moving averages, confirming weaker momentum. A bearish crossover has formed, with the 30 SMA dropping below the 90 SMA, and the shorter average is now acting as resistance. Key resistance sits near 89.9 and higher at 93.37, while immediate support is around 88.94. If this level breaks, the next downside target is near 85.75.



Overall, the market is in a corrective phase, and bulls would need a strong move back above the 90.14 area to regain control.

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