XAGUSD | Daily Technical Outlook
Market Structure
XAGUSD is attempting to stabilize after a sharp corrective selloff from recent highs. The strong bullish trend seen earlier in the year was interrupted by aggressive profit-taking, driving price sharply lower and breaking its short-term bullish structure.
Following the steep decline from the $100–$110 area, XAGUSD found demand near the mid-$70s and has since rebounded, with price now consolidating above the $86 region as buyers attempt to regain control.
Key Resistance Zone
The nearest resistance is located at $86.50 – $88.00, an area aligned with the prior breakdown and short-term moving average resistance. Any upside attempt is likely to face selling pressure here.
Additional resistance levels:
- $92.00
- $96.00 – $98.00 (major bearish rejection zone)
As long as Silver remains capped below $88.00, upside momentum remains limited.
Key Support Zone
Immediate support is holding around $84.00 – $85.00, where the recent pullback has found temporary stability.
A break below this zone would expose lower downside targets:
- $80.00
- $76.00 – $78.00 (key structural support)
Failure to hold above $76.00 would significantly weaken the broader bullish structure.
Expectations
Bearish Scenario (Primary)
If price fails to reclaim $88.00, Silver may resume its corrective move. A break below $84.00 could accelerate losses toward $80.00 and potentially $76.00.
Bullish Scenario (Alternative)
A sustained move above $88.00 would signal improving momentum, opening the door for a recovery toward:
- $92.00
- $96.00 – $98.00
A decisive reclaim of the $98.00 area would be required to restore the broader bullish trend.
Outlook
Silver remains in a corrective phase following a sharp selloff, with price currently consolidating above key support. While buyers are attempting to stabilize the market, the structure remains fragile below $88.00. A break lower could extend the correction, while a successful reclaim of resistance would shift focus back toward higher recovery targets.
