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