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Silver Futures (SI1! ), H1 Potential for Bearish Dip

37629 silver futures si1 h1 potential for bearish dip

Type: Bearish DipKey Levels:Resistance: 26.415Pivot: 26.160Support: 25.835Preferred Case:We see the potential for a bearish dip from our pivot at 26.160 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st support at 25.835 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection.Alternative Scenario:Alternatively, price might break our pivot structure and head for 1st resistance at 26.415 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection.Fundamentals:No major news.

Source: Tickmill

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