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Silver tests $67.13-$67.50 resistance: Live hourly levels

Silver tests $67.13-$67.50 resistance: Live hourly levels

Silver edged closer to $67.13-$67.50 resistance on the 5-hour chart, testing the key level after a significant rebound. Analysts closely monitor whether bulls can break through this ceiling or if a reversal will pull prices back towards support. Strong recovery is evident as Silver surpassed its 200-period moving average of $60.54, signaling long-term control by bulls.

The recent push brought the price right into the 50% Fibonacci retracement level of $67.13, marking a critical resistance point that separates the ongoing uptrend from deeper recovery. As of the latest 5-hour candle, Silver is currently trading at $67.01, just below both the resistance zone and its recent high. Breakout entries seek to capture potential upside if the price finally cracks the stubborn ceiling, while pullback buyers await a dip towards strong trend support.

Risk management involves placing stop-losses just beneath the SuperTrend at $63.90 to limit losses if momentum falters. Historical swing points and Fibonacci levels serve as reward targets, offering zones where price previously made major pivots. Patience is key, as rounding bottoms require waiting for a clear breakout or a meaningful pullback to enter positions with favorable risk-reward ratios.

Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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