From TradingView · · 50s
Silver Trend Shifts: Bearish Blocks Compress
Silver prices show bearish BTF blocks compressing as trend may shift.
In brief
Silver prices show bearish BTF blocks compressing as trend may shift. Silver prices consolidated near $57-58 after bearish BTF blocks compressed, but failed to sustain bullish transition. Originally reported by TradingView.
Silver price correction
Silver prices dropped from above $61 to near $55.56.
Bearish BTF blocks
BTF Daily Trend showed a series of bearish daily blocks during the decline.
Compressed bearish blocks
Large bearish blocks gave way to smaller, compressed bearish blocks.
Price consolidation
Price is now consolidating around $57-58 instead of extending lower.
Bullish transition attempt
Silver briefly broke above $57.70 and reached $58.21 before failing.
Bearish trend resumes
Price declined to $53.96 after failing to sustain bullish move.
What matters most
Silver prices consolidated near $57-58 after bearish BTF blocks compressed, but failed to sustain bullish transition.
