Silver is showing signs of strength after reclaiming a key demand zone around 61.25 – 61.40. Price has broken above the descending trendline and is now revisiting the breakout area, which could act as support.
The current structure suggests buyers are attempting to build momentum following the trendline breakout. If the entry zone continues to hold, price may seek higher liquidity resting near the next resistance levels.
📍 Key Levels
🟦 Entry Zone: 61.25 – 61.40
🎯 Target 1: 61.90 – 62.00
🎯 Target 2: 62.40 – 62.50
🎯 Target 3: 63.25 – 63.35
📊 Market Structure
✅ Descending trendline breakout
✅ Higher low formation from support
✅ Demand zone holding as support
✅ Bullish continuation possible above entry area
Note: This analysis represents a possible market scenario based on current price action and should not be considered financial advice.