XAGUSD | Daily Technical Outlook
Market Structure
Silver remains under short-term bearish pressure following a clear rejection from recent highs. Price action has shifted into a corrective phase, with lower highs forming on intraday timeframes while the broader daily trend remains bullish. The latest sell-off has pushed XAGUSD back toward a key structural support area, signaling a pause in momentum after an extended upside run.
Despite the pullback, the larger daily structure still reflects a strong bullish trend, suggesting the current decline is corrective rather than a full trend reversal, provided key support levels hold.
Key Resistance Zone
Upside attempts are capped by a defined resistance band:
- $77.80 – $78.20 (near-term supply and intraday rejection zone)
• $80.00 – $81.00 (major resistance and recent swing high area)
As long as price trades below $78.20, rebounds are likely to remain corrective.
Key Support Zone
Silver is currently stabilizing around an important demand area:
- $75.40 – $75.60 (short-term support and structure base)
A confirmed breakdown below $75.40 would expose deeper downside levels:
• $74.00
• $72.50 – $73.00 (major daily demand and trend support zone)
This lower zone is critical for maintaining the broader bullish structure.
Expectations
Bearish Scenario (Primary)
Failure to reclaim $78.20 would keep downside risks active. A clean break below $75.40 could accelerate selling toward $74.00, with scope for an extended pullback into the $72.50–$73.00 demand zone.
Bullish Scenario (Alternative)
Holding above $75.40 followed by a reclaim of $78.20 would signal stabilization and renewed buying interest. This would open the door for a recovery toward $80.00, with a sustained break above $81.00 needed to resume the broader bullish trend.
Outlook
XAGUSD is in a short-term corrective phase after an extended rally, with sellers controlling momentum below key resistance. While the broader trend remains bullish, the market remains vulnerable to further downside unless $78.20 is reclaimed. Holding above the $75.40 support zone is essential to prevent a deeper corrective move and preserve the longer-term bullish structure. XAGUSD enters a corrective phase after rejecting recent highs. Key support and resistance levels outlined as price stabilizes near critical demand zones.
