XAGUSD | Technical Outlook
Market Structure
XAGUSD remains firmly supported within a broader bullish structure despite recent volatility. After an aggressive sell-off from the recent highs, price found strong demand and rebounded sharply, reclaiming key moving averages across the intraday timeframes. The higher-timeframe structure continues to show a sequence of higher highs and higher lows, with pullbacks so far remaining corrective rather than trend-reversing. Momentum has stabilized above the $90 handle, suggesting buyers are regaining control while the market digests recent gains.
Key Resistance Zone
Upside progress is capped by a well-defined supply area:
- $91.50 – $92.20 (near-term resistance and prior rejection zone)
- $93.80 – $95.00 (recent swing highs and major extension resistance)
A sustained break and hold above $92.20 would strengthen bullish continuation prospects toward the upper resistance band.
Key Support Zone
Silver is supported by a layered demand structure below current price:
- $90.00 – $89.40 (psychological level and short-term demand zone)
- $87.80 – $88.50 (prior breakout zone and structural support)
A decisive break below $87.80 would signal a deeper corrective phase and weaken the current bullish structure.
Expectations
Bullish Scenario (Primary)
As long as XAGUSD holds above the $90.00 support area, buyers are likely to remain in control. A clean push above $92.20 could open the door for continuation toward $93.80–$95.00, aligning with the broader higher-timeframe uptrend.
Bearish Scenario (Alternative)
Failure to hold above $90.00 followed by a break below $87.80 would suggest a deeper correction is unfolding. In this case, downside pressure could extend toward lower demand zones, though this would remain corrective unless the daily structure breaks.
Outlook
Silver remains structurally bullish on higher timeframes, with recent weakness appearing corrective rather than trend-ending. While short-term consolidation may persist below resistance, the overall bias stays constructive as long as price holds above key support levels. A confirmed breakout above $92.20 would likely trigger the next bullish expansion phase.
