Silver is trading around 63.939 on the 15-minute timeframe. Price previously moved inside a rising channel after recovering from the earlier declining structure, but the latest candles have moved below the channel support.
The immediate area to monitor is around 63.40. The chart projection suggests a possible deeper pullback toward 63.00–62.80 before a potential recovery develops.
Key Levels:
Current Price: 63.939
Support 1: 63.40
Support 2: 63.00
Lower Reference: 62.80
Recovery Level 1: 64.50
Recovery Level 2: 65.50
Recovery Level 3: 67.00
Upper Projected Area: 67.50–67.70
Possible Roadmap:
63.94 → 63.40 → 63.00 → 62.80
Then, if price stabilizes:
62.80 → 64.50 → 65.50 → 67.00 → 67.50–67.70
The reaction around 63.40–63.00 will be important for determining whether the recovery structure can develop.
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