Market Structure & Multi-Session Price Action A technical breakdown of the 15-minute chart for Silver (SILVER.m, M15) in
85371_2.png shows an extended bullish trend structure across September 17 and 18. Following an explosive breakout from consolidation near 64.025 on September 17, price action expanded rapidly to set local peak resistance near 66.116. Profit-taking triggered a controlled pullback toward 65.150 during late September 17, where buyers established a solid higher-low base. Steady accumulation into September 18 pushed price action back up to retest multi-session resistance.
Critical Levels & Horizontal Pivot Interaction The primary technical reference boundary on this M15 chart is defined by two close horizontal orange lines forming a structural resistance corridor between
66.072 and
66.116:
Horizontal Resistance Corridor (66.072–66.116): This key horizontal band caps the major swing highs from September 17 and serves as the primary barrier for macro continuation.
Current Intraday Price Compression: The latest 15-minute candle (OHLC: 66.097 open, 66.100 high, 66.016 low, 66.072 close) shows buyers driving price directly into this supply zone. Closing right at
66.072, the chart demonstrates tight compression against overhead resistance.
Dynamic Trend & Momentum Integration Integrating the technical indicators in
85371_2.png, the dynamic moving average confirms an established bullish trend across the M15 timeframe. The moving average trends upward from 64.000 on September 17 to
64.900–65.000 on September 18. Holding well above this rising dynamic boundary keeps broader market structure aligned with buyers.
Forward Trading Scenarios & M15 Outlook As Silver interacts with the
66.072–66.116 horizontal pivot corridor, short-term traders should track two primary technical scenarios:
Technical Summary: The SILVER.m M15 chart in
85371_2.png demonstrates price retesting key horizontal resistance at
66.072–66.116 following a steady recovery from 65.150 lows. Supported by an ascending 15-minute moving average near 64.900, overall trend structure remains bullish. A decisive M15 close above 66.116 enables buyers to target expansion toward 66.300, whereas a closing rejection below 66.016 risks a pullback toward support at 65.650 and 65.325.
Bullish Breakout & Expansion Continuation: A confirmed M15 candle hold and close above
66.116 will signal a successful breakout from range resistance. Securing this hold enables buyers to extend the macro uptrend toward overhead targets at 66.300 and higher.
Bearish Rejection & Pullback Retest: Conversely, if sellers defend
66.116 and push an M15 close beneath
66.016, momentum will enter a short-term cooling phase. A closing break below 66.016 will likely trigger a pullback toward lower support targets at 65.650 and 65.325.
