#Silver oversold bounce back supported at 7157
The silver remains in a neutral trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 7157 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 7157 would confirm ongoing upside momentum, with potential targets at:
9363 – initial resistance
9816 – psychological and structural level
10187 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 7157 would weaken the bullish outlook and suggest deeper downside risk toward:
6850 – minor support
6526 – stronger support and potential demand zone
Outlook:
Neutral bias remains intact while the Silver trades around pivotal 7157 level. A sustained break below or abve this level could shift momentum.
#TrendingTopic #BullishMomentum
