Silver Futures (SI1!) H4 | Approaching Pullback Resistance

Type:

Bearish Reversal

Key Levels:

Resistance: 30.89

Pivot: 30.15

Support: 28.99

Preferred Case:

Looking at the H4 chart, my overall bias for silver futures (SI1!) is bearish due to the price approaching a pullback resistance. The price could stall around the pivot before reversing off this level to fall toward the 1st Support at 28.99.

Alternative Scenario:

Price may break above the pivot at 30.15 and rise toward the 1st Resistance at 30.89.