XAGUSD | Silver Technical Outlook
Market Structure
XAGUSD remains in a strong bullish trend on the higher timeframes, with the daily and H4 structures still showing higher highs and higher lows. The broader trend reflects sustained buying interest after an extended multi-month rally.
However, on the lower timeframes (H1 and M15), the market has entered a corrective phase following rejection from recent highs. The sharp pullback suggests short-term profit-taking rather than a full trend reversal, as price remains above key medium-term moving averages.
The overall structure can be described as bullish with short-term consolidation.
Key Resistance Zone
The nearest resistance is located at $75.80 – $76.30, where price previously faced rejection after the impulsive bullish move.
Additional resistance levels:
- $77.50
- $79.00 – $80.00 (major psychological and structural resistance)
As long as silver trades below $76.30, upside attempts may remain limited in the short term.
Key Support Zone
Immediate support is found at $75.00 – $74.60, where price is currently attempting to stabilize after the pullback.
Below this zone, further support levels include:
- $73.80
- $72.50 – $71.80 (major bullish structure support)
A sustained break below $72.50 would be the first signal of a deeper corrective phase within the broader uptrend.
Expectations
Bullish Scenario (Primary)
As long as Silver holds above $74.60, the bullish structure remains valid.
A strong reaction from this support zone could trigger a renewed push toward:
- $76.30
- $77.50
- $79.00
Continuation above $76.30 would confirm trend resumption.
Bearish Scenario (Alternative)
Failure to hold above $74.60 could extend the correction toward:
- $73.80
- $72.50
Only a decisive break below $72.50 would weaken the medium-term bullish outlook.
Outlook
Silver remains structurally bullish, with the recent pullback appearing corrective rather than trend-ending. Buyers are expected to defend the $74.60–$75.00 region, while a move back above $76.30 would signal renewed upside momentum. A breakdown below $72.50 would be required to shift the broader bias to bearish.
