From TradingView · · 30s
Silver price reverses at key resistance
Silver price may reverse after hitting 61.8% Fibonacci resistance.
In brief
Silver price may reverse after hitting 61.8% Fibonacci resistance. Silver price could reverse at 61.8% Fibonacci resistance level with take profit at 55.53. Originally reported by TradingView.
Silver price near resistance
Silver price is rising to the 61.8% Fibonacci retracement resistance level.
Entry and stop loss levels
Entry at 58.99 with stop loss at 61.43 for potential reversal.
Take profit target
Take profit set at 55.53 if price reverses from resistance.
The bottom line
Silver price could reverse at 61.8% Fibonacci resistance level with take profit at 55.53.
