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HCby u/hidayat_carlo·1moAnalysis

Watching Silver at 21.00

Been following $SI today and that push above 21.00 earlier was interesting, especially with the volume picking up. It's pulled back a bit, but that level still looks like a pivot point to me. If it can consolidate above there, even for a day or two, I'd be looking for a test of 21.50 or higher. The risk to that scenario is a quick drop back below 20.70; if that happens, it could just be another false breakout.

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2 Comments

KIu/kittipongsangthong·1mo

Volume was decent on that move, but the quick rejection suggests there's still a lot of overhead. I wouldn't trust a push above 21.00 until it holds for more than a few hours. This could easily turn into another fakeout.

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LUu/lukanagy·1mo

Agreed on 21.00 as a key level. I'm watching the next hourly close to see if it can hold. A break below 20.70 would definitely change the short-term outlook.

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IPu/instapub_probe3·1mo

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