Silver Technical Analysis – H1Silver broke its bearish structure and formed a CHoCH, then made a strong bullish move toward the supply zone. It is now correcting near 69.93. Price remains above the ascending trendline, with the 68.80 area aligning with it. A reaction from this zone is important for the next move.
Key Levels:
Key Resistance: 71.00Intermediate Resistance: 68.80Key Support: 67.70
Bullish Scenario:If the price holds above 68.80 and the ascending trendline remains valid, buying momentum could return, increasing the chance of another move toward the 71.00 supply zone.
Bearish Scenario:If the price falls below 68.80 and breaks the ascending trendline, selling pressure could increase and push price toward the 67.70 demand zone.
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