Silver Sellers May Return Near the $70 Zone

Jun 16

Silver has recovered sharply from the $63 area, but the rally is now approaching a zone where sellers have reacted strongly before. The $70–71 region remains a key resistance area, and the recent slowdown in momentum suggests buyers may be losing strength.

For traders, this looks more like a sell-on-rejection setup than a confirmed bullish reversal. If price fails to clear $71, downside pressure could return toward $68.5 first.

Trade Setup:
Sell Zone: $70.00 – $70.80
Stop Loss: $71.60
Take Profit 1: $68.50
Take Profit 2: $67.00
Take Profit 3: $66.00

A clean break above $71 would weaken the bearish outlook.

Jun 23

Trade closed: target reached