Silver remains under pressure, hovering near $38.08, stuck in a tight consolidation just below key EMAs.
The 50-EMA ($38.35) and 100-EMA ($38.38) are both flattening, indicating a loss of bullish momentum.
๐ Technical Breakdown
๐ Support Zones:
$37.91 โ Trendline support (currently holding)
$37.60 โ Next downside target
$37.23 โ Major support if breakdown confirms
๐ Resistance Levels:
$38.30 โ Key short-term resistance (must break to shift sentiment)
๐ง Gold Scalping Signals Commentary
Silverโs price action shows consolidation just above ascending trendline support โ but buyers must hold $37.91 to avoid further pressure.
If $38.30 fails to break, the market likely continues sideways or rolls over toward deeper levels.
Until momentum or volume increases, this remains a range-trade environment โ best approached with tight risk and quick exits.
๐ก Posted by GoldScalping Signals โ We Chart More Than Gold.