SILVER Weekly Analysis 🪙
At first, Silver faced strong rejection from the resistance zone, but once it finally broke out, the price came back to retest that same resistance — which then turned into a powerful launchpad, sending prices to new all-time highs.
Currently, the price is showing early signs of a correction. I’m expecting a possible retest of the Golden Fib Zone (0.5–0.618), where there’s also an unfilled gap near the 0.5 level. A move toward that area would make sense before the next major leg higher.
Resistance becomes the launchpad.
DYOR, NFA
Thanks for reading! Appreciate your support and engagement 🙏
At first, Silver faced strong rejection from the resistance zone, but once it finally broke out, the price came back to retest that same resistance — which then turned into a powerful launchpad, sending prices to new all-time highs.
Currently, the price is showing early signs of a correction. I’m expecting a possible retest of the Golden Fib Zone (0.5–0.618), where there’s also an unfilled gap near the 0.5 level. A move toward that area would make sense before the next major leg higher.
Resistance becomes the launchpad.
DYOR, NFA
Thanks for reading! Appreciate your support and engagement 🙏
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