XAGUSD Technical Outlook | Silver Holds Gains but Faces Key Resistance
Market Overview
Silver continues to trade within a broadly bullish structure, supported by strong upward momentum seen throughout the past week. After reaching multi-month highs, the metal has entered a mild corrective phase, with price now stabilizing above an important support region while struggling to break higher.
Short-term movement shows consolidation, indicating a temporary balance between buyers and sellers. However, the medium- and long-term charts still favor the bullish trend as long as price holds above its key technical floors.
Key Resistance Levels
The primary resistance zone currently sits near $57.80 – $58.10, where price has repeatedly encountered selling pressure.
A clean breakout above $58.10 would confirm renewed bullish momentum and open the path toward:
- $59.50 (next supply zone)
- $60.20 (major bullish target)
Until buyers overcome this ceiling, upside continuation remains limited.
Key Support Levels
Immediate support is found at $57.00 – $56.70, an area that has recently acted as a stabilization point.
A break below this zone would expose deeper support levels at:
- $55.90
- $54.80 (strong structural support on H4 and Daily)
As long as Silver remains above $56.70, the bullish bias remains intact.
Our Outlook
Silver remains bullish in the medium term, but short-term consolidation is likely to continue unless buyers break above $58.10.
Bullish Scenario
A confirmed breakout above $58.10 → potential rally toward:
- $59.50
- $60.20
Bearish Scenario
A drop below $56.70 → correction toward:
- $55.90
- $54.80
At the moment, price sits in a neutral-to-bullish zone, waiting for a clear breakout or breakdown to determine the next directional leg.
