Silver: Bearish Engulfing – Is the Top In?

#Silver View:

Just like Gold, Silver has formed a strong Bearish Engulfing pattern on the daily chart, potentially signaling a temporary top in the current trend. While it’s still early to confirm a full reversal, the price action suggests caution for bulls.

✅ Confirmation:
A daily close below 143,900
(today's low), especially with increased volume, would confirm the pattern and likely trigger further downside momentum.

❌ Negation:
If Silver manages to close above 153,388 (today’s high), the bearish structure will be invalidated.

🎯 Key Levels to Watch:

Resistance: 153,388 (pattern high)

Support: 143,900 (pattern low)

Stay alert for follow-through candles and volume spikes in coming sessions.

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📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.