Vladimir Ribakov analyzes silver's downtrend on the 4-hour chart, identifying key resistance zones where the recent high aligns with the weekly pivot. He suggests watching these supply levels for short-term sell entries, though deeper drops could offer longer-term buying opportunities.
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What's up guys, Vladimir here from Home Trader Club. Silver boasts short-term and long-term great opportunities. On the short term, we can see on the 4-hour chart that silver has beautiful structure of lower highs, lower lows, and now pulls back to the upside. Watch out for the recent highs and this range zone as your key supply levels. That key high is also next to the weekly pivot level, while the range is also next to the weekly resistance based on the pivot and the classical supply level here from 4-hour and daily chart. So short-term sells from there, definitely something that I look to. But for the longer run there, any drop should lead for the next portion of buys. Read the full article in our blog vladimirribakov.com. Join our family, the Home Trader Club. Enjoy our full courses and real-time education.