Silver, Technical Analysis – H1
The silver market is showing upward momentum: sufficient buying interest emerged at the $65.300 level to reverse the downtrend.
The silver market is showing upward momentum: sufficient buying interest emerged at the $65.300 level to reverse the downtrend. At present, bulls are facing resistance in the $66.500 zone, which is likely to be cleared after a retest of the $65.300 support.
Key Levels:
□ $65.300 — key support and retest zone
□ $66.500 — immediate resistance
📊 Primary Scenario:
Pullback to $65.300 followed by a rise above $66.500.
Alternative Scenario:
Direct breakout above $66.500 from current levels.
Analyst Commentary:
Traders may look for opportunities to place pending long orders around the $65.300 level.
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.