Silver, Technical Analysis – H4
Silver opened the week with a gap. After the current upswing reaches 72,800, a technical correction is expected to fill the gap.
Silver opened the week with a gap. After the current upswing completes in the 72.800 zone, a technical correction towards 68.000 is expected to close the gap.
Key Levels:
□ 72.800
□ 68.000
Primary Scenario:
Rise to 72.800, followed by a downward reversal towards 68.000.
Alternative Scenario:
Decline to 68.000 from current levels.
Analyst Commentary:
Both levels (72.800 and 68.000) appear technically strong and offer trading opportunities in either direction.
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.