SILVER INTRADAY pullback to support at 3090Silver maintains a bullish sentiment, in line with the prevailing uptrend. Recent intraday price action suggests a corrective pullback, potentially retesting the previous consolidation zone for support.
Key Level: 3090
This zone represents a significant area of prior consolidation and now acts as a key support level.
Bullish Scenario:
A pullback toward 3090 followed by a bullish bounce would confirm continued upside momentum. Immediate resistance targets include 3266, with extended upside potential toward 3350 and 3450 over the longer term.
Bearish Alternative:
A confirmed breakdown and daily close below 3090 would negate the current bullish outlook. This would open the door for a deeper retracement toward 3028, followed by 2945.
Conclusion:
Silver remains technically bullish while trading above 3090. A successful retest and rebound from this level would support further upside. However, a daily close below 3090 would shift sentiment bearish in the short term, increasing the risk of a deeper correction.
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