Silver’s Bearish Roadmap

1. Key Levels & Breakdowns

– Major Resistance (Ceiling): $119 → Aggressive selling triggered distribution (momentum shift).

– First Breakdown: $90 (decision zone) → Loss confirmed buyers’ weakness; path opened for further downside.

– Second Breakdown: $74 → Reinforced bearish narrative; sustained selling pressure validated.

Current Focus: Price action below former support ($74). Watch for:

✅ Acceptance (lower lows = continuation risk)

✅ Base formation (higher lows = potential correction)

2. Technical Indicators: Where to Start?

For new traders, prioritize structure > indicators. But if using tools:

– RSI (Momentum): Currently oversold (<30), but bearish trend intact until price reclaims $74.

– MACD (Trend): Bearish crossover below zero ** → Selling pressure dominant.

– MA (Trend): 50-day MA ($92) acting as dynamic resistance; price below = downtrend.

Order of priority:

1. Price structure (breakdowns/support)

2. Momentum (RSI)

3. Trend confirmation (MACD/MA)

3. Market Phase: Trend vs. Range?

– Current state: Strong downtrend (lower highs + lower lows).

– No oscillation yet → Until price holds above $74, assume trend continuation.

Key reversal signal: Bullish engulfing candle above $74 + RSI divergence.

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