(Silver / USD, 4H timeframe)...

4 days ago

(Silver / USD, 4H timeframe):

✅ Analysis Summary:

The price has broken out of a falling channel and is now moving inside a range, just below the Ichimoku cloud.

The projected move (marked on my chart) shows a bullish breakout from the range.

The measured move target from the breakout zone points upward to the $52.15–$52.50 area.


📈 Target Levels:

Immediate resistance: $48.30 – $48.70

Breakout confirmation: Above $49.00

Main bullish target: $52.10 – $52.50

Extended target (if strong momentum): $53.80 – $54.00


📉 Support levels:

$47.50 (near cloud base)

$47.00 (range bottom)


➡ Conclusion:
If Silver sustains above $49.00, the next target is $52.15 – $52.50 as shown in my chart.
If it fails to hold above $47.50, the bullish setup becomes invalid.

L

4 days ago

Trade active

active active