Silver, Technical Analysis – H1

The silver market is showing upward momentum: sufficient buying interest emerged at the $65.300 level to reverse the downtrend. At present, bulls are facing resistance in the $66.500 zone, which is likely to be cleared after a retest of the $65.300 support.

Key Levels:

□ $65.300 — key support and retest zone

□ $66.500 — immediate resistance

📊 Primary Scenario:

Pullback to $65.300 followed by a rise above $66.500.

Alternative Scenario:

Direct breakout above $66.500 from current levels.

Analyst Commentary:

Traders may look for opportunities to place pending long orders around the $65.300 level.