Silver Analysis: Bearish Continuation Toward $31 Support ?🧠 Chart Context & Setup
Chart Type: Candlestick
Timeframe: Likely 4H or Daily
Indicators Used:
EMA 50 (Red) — 32.814
EMA 200 (Blue) — 32.559
🔍 Key Technical Levels
Resistance Zone: 33.600 – 33.950
Price faced repeated rejection in this zone, confirming it as a valid supply/resistance area.
Support Zone: 30.600 – 31.100
Marked as the next potential demand zone, aligning with previous accumulation and reaction levels.
Current Price: ~32.618
Just below the 50 EMA and slightly above the 200 EMA.
🔄 Market Structure
The market experienced a strong bearish impulse in early April, followed by a bullish correction that reclaimed the 200 EMA.
Multiple internal liquidity (INT.LQ) sweeps were taken before forming a potential lower high (LH) at the resistance zone.
The recent bearish move broke below the EMAs and previous structure, indicating a possible shift back to bearish momentum.
📉 Bearish Scenario Outlook (Most Probable as of Now)
The chart shows a projected lower high formation, likely leading into a continuation of the bearish move.
If price fails to break back above 32.800–32.900, we could expect a sell-off toward the support zone (30.600–31.100).
This move aligns with:
Breakdown below EMAs
Failed bullish continuation
Rejection from a strong resistance zone
🧭 EMA Analysis
EMA 50 > EMA 200, but the price is now sandwiched and showing signs of weakness.
If price sustains below both EMAs, momentum is likely to favor bears in the short to medium term.
⚠️ Risk Factors to Watch
Any strong bullish engulfing candle reclaiming the 33.000 zone could invalidate the bearish thesis.
Fundamentals like USD volatility, inflation data, or geopolitical tension could impact Silver drastically.
✅ Conclusion
The chart currently suggests a bearish continuation setup, with the potential for price to revisit the $31.00–$30.60 support zone after rejecting resistance. A retest of broken structure around 32.700–32.800 might provide an ideal entry for sellers.
