Nataly Kambur
⬤ Silver is compressing near critical resistance after a sharp decline, with the next few sessions likely determining whether the metal confirms a bottom or continues its downtrend inside the channel structure.
⬤ Trading around $74 after dropping from $120, silver remains trapped below the upper boundary of a descending channel on the 1-hour chart, with a daily close above the trendline needed to confirm bottom formation.
⬤ While higher lows near the channel's lower boundary and repeated resistance tests suggest weakening selling pressure, the bearish structure remains technically valid until price clears resistance.
⬤ The next sessions are critical—acceptance above resistance would shift momentum toward reversal, while rejection would extend consolidation and delay any bottom confirmation signal.
Nataly Kambur
