Silver downtrend continuation below 7080 resistance

Silver continues to trade within the broader prevailing trend, with recent price action showing signs of a corrective pullback phase.

Key Level: 7080
This area previously acted as a consolidation zone and is currently being monitored as a notable resistance level.

Scenario Below 7080
If price remains below 7080, market structure may continue to reflect near-term downside pressure. In this context, the following levels may act as reference support areas:

6466– Near-term support
6300 – Intermediate support
6140 – Broader support zone

Scenario Above 7080
A sustained move and daily close above 7080 would indicate a shift in the current short-term structure. In that scenario, the following levels may become relevant on the upside:

7256 – Initial resistance
7410 – Higher resistance zone

Conclusion
Silver remains near an important technical area, with 7080 acting as a key reference level for the current price structure. Price behaviour around this zone may help determine whether the market continues within the recent corrective phase or transitions toward further upside continuation.