XAGUSD | Daily Technical Outlook
Market Structure
XAGUSD maintains a broader bullish structure on the daily timeframe, continuing to trade above its rising medium-term moving averages. After the sharp correction from the spike high, price stabilized and has gradually recovered, forming higher lows on H4.
On lower timeframes, silver is consolidating near the 89.50–90.00 region following a strong rebound. Momentum has cooled, but buyers are still defending pullbacks, suggesting the move is corrective rather than a full trend reversal.
Key Resistance Zone
Immediate resistance stands at 90.20 – 90.50, where recent upside attempts have stalled.
Additional resistance levels:
- 91.20 – 91.50 (recent swing high area)
- 93.00 – 94.00 (major daily supply zone)
A sustained break above 90.50 would likely open the door toward a retest of 91.50.
Key Support Zone
Immediate support is located at 88.80 – 89.00, a short-term demand zone on H1/H4.
Below that, stronger structural support lies at:
- 87.50 – 88.00
- 85.50 – 86.00 (major H4 demand zone)
A breakdown below 88.80 would weaken short-term momentum and expose deeper retracement levels.
Expectations
Bullish Scenario (Primary)
As long as price holds above 88.80, the structure favors continued upside.
A breakout above 90.50 could target:
- 91.50
- 93.00
Bearish Scenario (Alternative)
Failure to hold 88.80 may trigger a pullback toward:
- 87.50
- 85.50
A sustained break below 85.50 would shift the broader structure to neutral.
Outlook
Silver remains structurally bullish on the higher timeframe but is currently consolidating below key resistance near 90.50. Holding above 88.80 keeps the upside bias intact, while a breakdown could trigger a deeper corrective move.
