Silver Breakdown Puts the $60 Level Back in Focus

Jun 23

Silver has lost a major support zone and the overall structure remains firmly bearish. The recent drop below $65 suggests that sellers are still controlling the market, while any short-term bounce may simply be a retest of broken support.

The macro environment is also challenging. A stronger US Dollar, higher rate expectations, and upcoming US inflation data continue to create headwinds for precious metals.

Trade Setup:

Sell Zone: $64.50 – $65.00
Stop Loss: $66.50
Take Profit 1: $62.00
Take Profit 2: $60.50
Take Profit 3: $60.00

Unless silver can reclaim the $65 area, rallies are likely to attract fresh selling interest.

Jun 24

Trade active

Jun 25

Trade closed: target reached