Title: Silver Futures ( SI1! ), D1 Potential for Bearish Drop Type: Bearish Drop Resistance: 24.750 Pivot: 22.940 Support: 20.805
Preferred case: Looking at the H4 chart, my overall bias for SI1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the support at 20.805, where the overlap support is.
Alternative scenario: Price may head back up towards the resistance at 24.750 where the previous swing high is.
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