Silver Intraday Signal: Watch 73.00
The Silver Intraday Signal reflects downside pressure as price remains capped below the pivot resistance at 73.00. Momentum conditions favor sellers, with the RSI advocating for further decline and reinforcing the short-term bearish structure. As long as price trades beneath 73.00, the negative bias remains intact.
Immediate support is located at 70.80. A decisive break below this level would confirm renewed selling momentum and likely extend the decline toward the downside objective at 69.90. The inability to reclaim the pivot reinforces the intraday weakness.
Trade Setup:
Enter: Short below 73.00
Stop-Loss (SL): 73.90
Target A: 70.80
Target B: 69.90