Silver Futures – Bearish Reversal in Progress
Description:
Silver is showing a strong technical reversal across timeframes. Short-term correction looks likely.
Technical Setup:
Daily:
Evening Star + Bearish Engulfing
Flattening EMAs
Volume and MACD confirming momentum slowdown
Weekly:
Gravestone + Southern Doji near resistance
RSI close to overbought
EMA slope still up, but weakening signs visible
Macro View:
No major bearish macro trigger — Fed dovish, USD stable, inflation low.
→ This is likely a technical pullback, not a fundamental reversal.
Trade Plan:
🔻 Breakdown Level: ₹114,560
🎯 Targets: ₹107K → ₹101K → ₹93K
🛑 SL: ₹116,000+
Caution: No position without breakdown confirmation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.