Silver: The Price Action at Strong Resistance Zone

Closely the same pattern as it is in the Gold market. The price broke one downtrend line and moved upward to a resistance zone. This zone is formed by SMA100 and the 2nd downtrend line, which we can draw using the important swing highs.

If the price can break this resistance, it will confirm the strength of buyers and the further upward movement. We will be able to use the daily and lower timeframes to search for possible buy signals and good entry levels.

If the price bounces from the resistance zone, it will give us a sell opportunity. It will be good to think about selling, and for this, we will use the hourly timeframes.

Now, we have to wait for additional signals and follow them.