Silver Mini Futures (Nov 2025) – Accumulation to Distribution

Silver Mini Futures on the 15-min chart clearly showcases a complete market cycle structure — transitioning from accumulation → uptrend → distribution → downtrend, providing an excellent study in price behavior and volume confirmation.

The move began with accumulation around ₹1,55,000, followed by a strong uptrend breakout, leading to a sharp rally. However, as price entered the ascending triangle near the ₹1,66,000 zone, momentum weakened, signaling distribution.

An exhaustion gap and a failed retest confirmed a reversal, leading to a steep downtrend, which remains active after a minor pullback.

📊 Phase Breakdown:
Accumulation Phase: ₹1,54,800 – ₹1,55,800
Sideways base formation with increasing volume at lows.
Uptrend Phase: Breakout above ₹1,56,000 triggered momentum.
Distribution Phase: Formed an ascending triangle with weak breakout follow-through.
Retest failure at ₹1,65,000 signaled exhaustion.
Downtrend Phase: Sharp decline with heavy volume, currently finding support near ₹1,57,000.

🎯 Key Technical Zones:
Resistance: ₹1,64,400 – ₹1,66,000 (supply zone)
Immediate Resistance (Retest Box): ₹1,58,200 – ₹1,58,800
Support Zone: ₹1,56,800 – ₹1,57,100
Major Support: ₹1,54,500

🧠 View:
Silver Mini Futures is currently in a downtrend continuation phase after a distribution top. A minor retest near ₹1,58,800 could invite short opportunities, while only a sustained move above ₹1,60,000 may signal trend reversal strength.