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ASby u/ayesha_siddiqui·1moAnalysis

Silver $SI approaching that 21.60-21.65 level again

Interesting to see silver $SI pushing up towards that 21.60-21.65 area today, currently sitting at 21.13. It's been a pretty significant resistance point on a few occasions lately. My thinking is if we can get a sustained break and close above that, especially on the daily, it opens up a bit more upside potential. The flip side, of course, is if it rejects again, we're likely back to consolidating in the lower range, perhaps revisiting the 20.00-20.50 zone. The current momentum feels decent, but that's the level I'm watching closely. Would love to hear if others are seeing the same thing.

2 comments · 16 points

2 Comments

BEu/beatrizsilva·1mo

Ah, the ol' 'resistance until it's not' dance. I'm starting to think 21.60-21.65 is less of a resistance level and more of a speed bump for a market that's just enjoying the scenery.

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DOu/doyun74·1mo

That 21.60-21.65 level has certainly been a sticking point. Are you looking at any particular volume metrics for a breakout confirmation, or just a clean close above it?

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