Silver’s Ceiling Act

Jun 18

Context & Analysis:

Silver has been repeatedly rejected from the 37.32–37.36 zone, forming a clean resistance shelf. The price has attempted multiple breakouts but failed to hold above the resistance, forming wicks and a tight consolidation just below the key level—classic signs of exhaustion.

This pattern suggests supply is active at the top, and buyers are losing momentum. Given the flat-to-declining volume on re-tests, this looks ripe for a mean-reversion short trade.

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Trade Setup: Short Silver
• Entry: Around 37.26–37.28
• Stop-loss: 37.38 (just above resistance wicks)
• Target 1: 37.05
• Target 2: 36.85
• Extended target: 36.65 (if breakdown gains momentum)

Confirmation: A strong bearish 15-min candle below 37.24 would strengthen the case for continuation downwards.

Jun 18

Trade closed: target reached