Metals
Silver Technical Analysis
Silver has recently rebounded strongly from the $45.90 level, breaking above short-term moving averages MA(5) and MA(6) and now trading above the 30-period moving average, a sign of bullish momentum building up. The trend on the 1H chart appears to be in the early phase of a short-term uptrend continuation.
The MA10 is also turning upward, supporting a sustained bullish push if price holds above $48.50.
If silver holds above $48.00, the bullish move could continue toward $49.30–$50.00, reaching new record highs. A close below $47.30 would weaken this structure and may trigger a correction back to $46.00.
Silver 1H Chart
| Resistance | $48.93 | $49.40 | $50.00 |
| Support | $48.22 | $47.72 | $47.30 |
NZDUSD Technical Analysis
NZDUSD has been in a steady downtrend after failing to hold above 0.5840. Price sharply dropped to 0.5736, forming a temporary base. All moving averages are sloping downward, confirming persistent bearish pressure.
The distance between the short-term moving averages and the 30-period moving average is widening, indicating momentum acceleration to the downside.
Any pullback toward 0.5780–0.5800 could face selling pressure.
NZDUSD 1H Chart
| Resistance | 0.5792 | 0.5825 | 0.5845 |
| Support | 0.5720 | 0.5674 | 0.5623 |
Brent Technical Analysis
Brent has been in a mild uptrend after rebounding from the $64.53 zone. Price is trading above all three moving averages, suggesting a stable bullish bias. The structure shows higher lows and higher highs on the 1H chart.
Moving averages MA5 and MA10 have recently crossed above MA30, signaling bullish continuation. The slope of all moving averages is positive, confirming strength in the short term trend.
The short-term bias remains bullish as long as price holds above $66.00. A break above $66.52 may extend gains toward $67.00–$67.80. However, a drop below $65.40 could trigger a retest of $64.50.
Brent 1H Chart
| Resistance | $66.73 | $67.05 | $68.00 |
| Support | $65.64 | $64.89 | $64.30 |
