Silver Intraday Signal: Bearish Bias Amid Choppy Conditions Below 38.30
Analyses:
Silver remains under mild bearish pressure below the pivot resistance at 38.30. Price action is expected to be volatile but biased to the downside. As long as 38.30 holds as resistance, a move toward 37.90 and 37.75 remains likely. A breakout above 38.30 would shift the tone to bullish, with 38.50 and 38.65 as next targets.
Enter: 38.20
SL: 38.50
Target A: 37.90
Target B: 37.75
🟢 Signal Update – Silver (XAG/USD)
🎯 Target A reached at 37.90, delivering a +30 pips profit from the entry at 38.20.
The trade has been closed at Target A for secure gains.
🔄 For those continuing the trade toward Target B at 37.75, it is highly recommended to set stop-loss to breakeven (38.20) to lock in a risk-free position.
We’ll continue to monitor silver for further downside setups.
