Silver Futures (SI1!) | H4 Rising into Pullback Resistance

Type:

Bearish Reversal

Key Levels:

Resistance: 29.735

Pivot: 29.160

Support: 27.845

Preferred Case:

Looking at the H4 chart, my overall bias for Silver futures (SI1!) is bearish due to the price trading within the bearish Ichimoku Cloud. The price could make a reversal off the pivot and fall toward the 1st Support at 27.845.

Alternative Scenario:

Price may break above the pivot at 29.160 and rise towards the 1st Resistance level at 29.735.