⬤ Silver is currently testing its first micro resistance zone after pulling back overnight. The price has formed a 3-wave structure, which leaves the door open for one more push higher. This resistance level now acts as a make-or-break point that will decide whether the metal continues climbing or faces a reversal.
⬤ The big question is whether we've already seen a local top. If the price gets rejected here, it could mark the end of this upward run and trigger a correction. But if silver breaks through, we could see more bullish momentum pushing toward new highs.
⬤ How silver behaves at this resistance will be crucial. The 3-wave pattern suggests another attempt higher is possible, but only if the price can break above this key zone. Failing to hold above this level would be a strong signal that a pullback is coming or that market sentiment is shifting.
⬤ A rejection here would likely increase volatility, creating opportunities for traders watching for reversals. Whether silver breaks out or gets turned away will determine what comes next in this market trend.
