Silver Intraday Signal: Bearish Toward 85.00
Analysis:
Silver remains capped beneath the 92.00 supply zone, where equal highs and repeated rejection confirm strong seller presence. The formation of a weak high near 120.00 earlier and the sharp structural breakdown reinforce the broader corrective structure. As long as price trades below 92.00, downside pressure remains dominant.
The pair is currently hovering near short-term support around 85.00. A failure to hold this level would likely extend the decline toward 80.00 and possibly 75.00. Only a sustained move above 92.00 would invalidate the bearish bias and shift focus toward 100.00.
Trade Setup:
Enter: Short below 92.00
Stop-Loss (SL): 94.00
Target A: 85.00
Target B: 80.00
