SILVER - 4H Timeframe Update
Price is nearing the apex of a symmetrical triangle formation. Momentum is gradually building with higher lows supporting the structure.
As per news: Silver slipped slightly by 0.5% to 333.37/OZ, following gold's rebound after a sharp drop. Despite global trade tensions and weaker dollar aiding gold recovery, silver underperformed, showing signs of consolidation. Broader precious metals market remains cautious as investors weigh global growth concerns and U.S.-China tariff risks.
Breakout above 98000 may trigger fresh bullish momentum toward
Targets: 99400 – 101000
Rejection or breakdown from trendline support may invite pullback toward
Support: 96400 – 95500
📊 EMA55 (95,479) acting as dynamic support.
🕒 Wait for volume confirmation near breakout zone.
Price is nearing the apex of a symmetrical triangle formation. Momentum is gradually building with higher lows supporting the structure.
As per news: Silver slipped slightly by 0.5% to 333.37/OZ, following gold's rebound after a sharp drop. Despite global trade tensions and weaker dollar aiding gold recovery, silver underperformed, showing signs of consolidation. Broader precious metals market remains cautious as investors weigh global growth concerns and U.S.-China tariff risks.
Breakout above 98000 may trigger fresh bullish momentum toward
Targets: 99400 – 101000
Rejection or breakdown from trendline support may invite pullback toward
Support: 96400 – 95500
📊 EMA55 (95,479) acting as dynamic support.
🕒 Wait for volume confirmation near breakout zone.
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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.
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.