Silver is currently trading at $38.15, showing a slight decline of 0.14%. After a sharp drop from the $39.40 level, the market entered a consolidation phase between $38.00 and $38.30, as seen in the 1-hour timeframe.
This tight sideways movement signals a potential breakout zone. If bulls take control and price breaks above the $38.30 resistance, we may see a quick surge toward $38.60 or higher. However, a drop below $38.00 could trigger a bearish move toward $37.60.
📌 Key Levels to Watch:
Resistance: $38.30 / $38.60
Support: $38.00 / $37.60
🔍 Market Sentiment: Neutral with a bearish shadow.
🔥 Binance Traders Tip: Wait for a confirmed breakout before entering. Use tight SL and risk management due to high$XRP
volatility.