Silver Price Analysis – Key Support and Resistance Levels

29 มี.ค.

Silver on a 1-hour timeframe. The analysis highlights key market structures:

Downtrend Channel: Initially, the price was in a downward-sloping channel (green-highlighted area).

Breakout and Uptrend: The price broke out of the bearish channel, forming an uptrend.

Resistance and Support Levels:

The resistance trendline (black) acted as a price ceiling where sellers emerged.

The support level (blue) helped buyers regain control, leading to price continuation.


Current Setup:

The price is consolidating around the 34.1120 level after testing the 34.5000 mark.

A potential bullish breakout or retracement towards support could be expected.



This analysis is useful for traders looking to identify trend reversals, breakout opportunities, or support and resistance confirmations.


Note: This is not a trading signal, just my personal analysis based on current market trends.

31 มี.ค.

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