Silver Intraday Signal: Watch 89.00
The Silver Intraday Signal reflects a consolidation phase with price capped below the pivot resistance at 89.00. As long as 89.00 remains intact as resistance, the market is expected to trade in choppy conditions with a bearish bias. Sellers retain short-term control while price remains beneath this key level.
Immediate support is located at 85.10. A decisive break below this level would confirm renewed downside pressure and likely trigger continuation toward the extended target at 83.60. The inability to reclaim 89.00 reinforces the corrective intraday structure and keeps downside risks elevated.
Alternatively, a sustained move above 89.00 would neutralize the bearish scenario and expose higher resistance levels at 90.10 and 91.40, suggesting a potential short-term recovery.
Trade Setup:
Enter: Short below 89.00
Stop-Loss (SL): 90.10
Target A: 85.10
Target B: 83.60
