Silver is currently testing a significant resistance area where multiple technical factors are coming together. The descending trendline is acting as dynamic resistance, while the supply zone adds further selling pressure.

The recent price action shows rejection near the upper structure, suggesting buyers are struggling to push higher. The Fibonacci retracement area also provides additional confluence for the bearish setup, making this region important for a potential reversal.

If price fails to break and hold above the resistance zone, sellers could regain control and drive Silver lower toward the marked support area. A confirmed bearish candle or lower-timeframe rejection would strengthen the short setup.

The support zone is the key area to watch on the downside. If it holds, a bounce/recovery could develop. However, a clean breakdown below support could open the door for a deeper bearish continuation.

Bearish bias remains valid while price stays below the major resistance and descending trendline.