SILVER 1H: Resistance Rejection — Bearish Pullback Setup

Technical Outlook

Silver is currently struggling below the 69.00–70.00 resistance zone following a strong rally. Repeated rejection from this area suggests that sellers are defending the resistance zone and increases the possibility of a corrective move toward the highlighted order blocks.

The bearish pullback view remains valid as long as price continues to trade below 70.00.

📉 Downside Map

• 🎯 First Order Block: 66.00–67.00
• 🎯 Next Order Block: 62.80–63.70

A sustained move lower could bring price toward the first order block around 66.00–67.00. If selling pressure continues and this zone fails to hold, the next area of interest is 62.80–63.70.

📈 Bullish Invalidation

A strong 1H candle close above 70.00 would invalidate the current bearish pullback setup.

Such a breakout could signal renewed bullish momentum and increase the probability of continuation toward higher levels.

📌 Key Levels

• Resistance: 69.00–70.00
• Order Block 1: 66.00–67.00
• Order Block 2: 62.80–63.70
• Bearish Invalidation: Strong 1H close above 70.00

🎯 Market Outlook

The immediate focus remains on how Silver reacts around the 69.00–70.00 resistance zone. Continued rejection below this area could favor a bearish pullback toward the marked order blocks.

However, traders should wait for confirmation rather than entering solely on anticipation. A decisive breakout above 70.00 would change the current structure and invalidate the bearish setup.

Trade the rejection, respect the invalidation, and wait for confirmation. 📊

Disclaimer: This content is provided for educational purposes only and does not constitute financial advice. Always conduct your own analysis and apply appropriate risk management before entering any trade.