Silver appears to be losing momentum at the top, and for the first time in a while, we’ve seen a strong bearish daily candle, suggesting that sellers may be stepping in more seriously.
🌀 Previous pullbacks mostly looked like profit-taking, but this drop seems to be accompanied by actual selling pressure.
Despite breaking the previous high over the past two weeks, silver has failed to extend gains meaningfully — a potential sign of exhaustion.
🎯 A low-risk short opportunity may be forming around the $38–$39 range.
⚠️ For more patient and risk-tolerant traders, a daily close below $37 could open the door for a broader correction toward the $33–$35 zone — levels that have remained untested.
Stay sharp — momentum shifts often start quietly.
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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.