SILVER Commodity Technical Analysis (INDIAN Market):
On the 1-hour timeframe, Silver (Commodity) is showing a clear bearish pattern, validating a short trade entry at 95437. The price is approaching key target levels, with TP1 (92725) nearly achieved, suggesting a continuation of the downtrend in the short term.
Trade Summary:
SILVER Target Levels:
The Risological Dotted Trendline adds further confirmation to the bearish sentiment, guiding this setup toward anticipated targets. Silver’s momentum suggests traders should watch closely as it edges toward additional profit-taking levels!
For extra safe traders, the Trailing Stop for this position is at 96,160
On the 1-hour timeframe, Silver (Commodity) is showing a clear bearish pattern, validating a short trade entry at 95437. The price is approaching key target levels, with TP1 (92725) nearly achieved, suggesting a continuation of the downtrend in the short term.
Trade Summary:
- Entry Level: 95437
SILVER Target Levels:
- TP1: 92725 (nearly hit)
- TP2: 88337
- TP3: 83948
- TP4: 81236
- Stop Loss: 97631
The Risological Dotted Trendline adds further confirmation to the bearish sentiment, guiding this setup toward anticipated targets. Silver’s momentum suggests traders should watch closely as it edges toward additional profit-taking levels!
For extra safe traders, the Trailing Stop for this position is at 96,160
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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.
Related publications
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.