This chart presents a technical analysis of Silver CFDs (US$/OZ)

1. Trendline Break

The chart initially shows a clear uptrend, which has now been broken, indicating a potential shift in market sentiment towards a bearish trend.

2. Identification of the Sell Zone

The price has entered a resistance area (Sell Zone), where selling pressure is expected to increase. This suggests a potential reversal or continuation of downward movement.

3. Bearish Price Expectation

The chart projects a possible downward trajectory, signaling that the price may decline further and seek lower support levels.

4. Presence of a Support Zone

A support level is highlighted around 30.100 – 30.400, which could act as a potential demand zone, where buyers may step in to slow or reverse the decline.

Conclusion

This analysis suggests a bearish market outlook, with potential short-selling opportunities. If the price breaks further below the Sell Zone, the target area would likely be the lower support zone.