XAGUSD | Technical Outlook
Market Structure
XAGUSD is attempting to stabilize after a sharp corrective selloff from recent highs, transitioning into a short-term recovery phase. The impulsive bearish move broke the prior bullish structure, driving price aggressively lower before buyers stepped in near a key demand zone.
Recent price action shows a rebound attempt, with higher lows forming on the lower timeframes, while the broader structure remains corrective rather than trend confirmed.
Key Resistance Zone
The nearest resistance zone is located around 90.20 – 90.50, where price is currently facing supply pressure following the recent rebound.
This area aligns with prior breakdown levels and short-term moving average resistance.
Additional resistance levels:
• 92.00
• 94.50 – 95.00 (major bearish rejection zone)
As long as price remains capped below 90.50, upside momentum remains corrective.
Key Support Zone
Immediate support is found at 88.00 – 88.30, a level that has repeatedly acted as a demand base during the latest consolidation.
A sustained break below this zone would expose lower downside targets:
- 85.50 – 86.00
- 82.50 (major structural support)
Failure to hold 82.50 would signal a deeper trend reversal on higher timeframes.
Expectations
Bullish Scenario (Alternative)
If Silver holds above 88.00 and manages a clean break above 90.50, further upside extension could unfold toward:
• 92.00
• 94.50
This scenario requires sustained acceptance above resistance to confirm trend continuation.
Bearish Scenario (Primary)
Rejection below 90.50 keeps the broader corrective bias intact.
A breakdown below 88.00 would likely trigger renewed selling pressure, targeting:
• 85.50
• 82.50
Bearish momentum would accelerate if price failed to defend these levels.
Outlook
Silver remains in a corrective recovery phase following a sharp downside impulse. While short-term stabilization is visible, the broader structure remains fragile below 90.50. Bulls need a decisive breakout to regain control, while a loss of 88.00 would reassert bearish dominance and open the door for deeper declines.
