Silver is currently trading near 82.60 after a strong rejection from the 94.00–95.00 supply zone, which triggered a Change of Character (ChoCH) followed by bearish continuation. This shift indicates that the previous bullish momentum has weakened and sellers are currently controlling the market structure.
Price is now approaching a major demand zone between 79.50 and 78.00, which could act as a key decision area for the next directional move. If buyers defend this zone, a corrective rebound may occur. However, a decisive break lower would confirm further downside expansion.
Market Structure
• Bearish shift after rejection from major supply
• Lower highs and lower lows forming
• Price trading below 20 EMA and 50 EMA, confirming downside pressure
Key Levels
Resistance: 87.00 | 90.00 | 94.00
Support: 79.50 | 78.00 | 73.00
Bullish Scenario
If price holds above the 79.50–78.00 demand zone, buyers may attempt a rebound toward 87.00 and potentially 90.00.
Bearish Scenario
A decisive breakdown below 79.50 would confirm continuation toward 78.00, with deeper downside potential toward 73.00.
Bias
Short-term bearish, unless the 79.50 demand zone holds strongly.
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