Silver Futures (SI1!) H4 | Approaching Pullback Resistance
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.