Silver is making sharp reversal down from recent highs, even breaking a lower trendline support of an ending diagonal which is an important indication for a top in place. As such, we are aware of much lower prices, maybe even back to the start of a diagonal at around 27/28 as drop from 4h time frame has an impulsive bearish structure. But we see some bounce now from around $30 swing support, that can cause some relief rally, maybe even sideways move into wave 2/B. Resistance is then around 32-33 area.
For a detailed view and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on Monday 25 2024:More By This Author:Ripple Is On Fire, Eyeing All-Time Highs
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