XAGUSD | Daily Technical Outlook
Market Structure
XAGUSD is maintaining a constructive recovery structure after stabilizing from its sharp corrective decline earlier in the month. The broader trend on the daily timeframe remains bullish, with price holding above the medium-term moving averages and gradually reclaiming higher ground.
On H4, the market shows a sequence of higher lows, indicating sustained buying interest. The recent breakout above the $79.50 – $80.00 area confirms renewed upside momentum, with price now consolidating slightly above the $80 handle.
Intraday (M15/H1) price action reflects short-term consolidation following an impulsive push higher, suggesting the market is absorbing supply before its next directional move.
Key Resistance Zone
The nearest resistance is located around $80.80 – $81.30, a zone formed by recent intraday highs and prior rejection levels.
Additional resistance levels:
- $82.00
- $83.50 – $84.00 (major structural resistance on H4)
As long as Silver remains below $81.30, short-term consolidation may persist before a decisive breakout attempt.
Key Support Zone
Immediate support lies at $79.50 – $80.00, which now acts as a key flip zone after the recent breakout.
A breakdown below $79.50 would expose lower support levels:
- $78.20
- $76.80 – $77.20 (major structural support)
Holding above $79.50 keeps the short-term bullish structure intact.
Expectations
Bullish Scenario (Primary)
If price sustains above $79.50, the upside bias remains dominant.
A break above $81.30 could trigger continuation toward:
- $82.00
- $83.50
Bearish Scenario (Alternative)
Failure to hold above $79.50 would weaken momentum and open the door toward $78.20.
A deeper break below $78.00 could shift structure back to corrective downside pressure.
Outlook
Silver remains structurally supported above the $79.50 – $80.00 zone, with buyers attempting to extend gains beyond $81.30. While short-term consolidation is visible, the broader bias stays cautiously bullish unless price decisively breaks back below key support levels.
