Silver has formed a solid bottom between 37.25 and 36.20 and is now attempting to break higher and recover some of its recent losses. There is some support from gold helping to push the price upward, but it remains unclear whether silver can hold above the 37.25 level long enough to take another step higher.
If it does, the price may return to the 37.90–38.30 zone, where it could stabilize and decide whether to move further up.
Below 37, however, the outlook becomes more cautious. A drop below this level could trigger additional selling pressure, so traders should be alert to downside risks if that support fails.
If it does, the price may return to the 37.90–38.30 zone, where it could stabilize and decide whether to move further up.
Below 37, however, the outlook becomes more cautious. A drop below this level could trigger additional selling pressure, so traders should be alert to downside risks if that support fails.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.