After the explosive rally to a new all-time high near the 84 zone, 
XAGUSD experienced a sharp correction, dropping nearly 15,000 pips — a natural reaction after such an extended move.
Buyers eventually regained control just above the 70 zone, where the market established a solid floor.
However, the first rebound produced a lower high, and the following high was also lower — which currently shapes what appears to be a potential descending triangle structure (still unconfirmed at this stage).
❓ Key Question: Is the Correction Finished?
From a long-term perspective, there is no doubt about the dominant trend — Silver remains strongly bullish over the macro horizon.
But the short-term issue remains:
👉 Has the correction already ended, or is there more downside risk ahead?
Right now, the answer depends on two critical levels.
⚖️ Decision Levels to Watch
1️⃣ 74 Resistance Zone
A clean breakout above 74 would
✔️ invalidate the current corrective structure
✔️ confirm bullish continuation
✔️ open the door toward further upside extensions
2️⃣ 70 Support Zone
A breakdown below 70 would
⚠️ strengthen the descending-triangle scenario
⚠️ expose Silver to a deeper correction
➡️ potentially toward the 63 zone
📌 Trading Stance for Now
Given today’s low-liquidity environment, the prudent approach is:
👉 wait for confirmation rather than forcing a position
Price action around 70 and 74 will likely provide the next major directional clue. Until then — patience remains the best strategy. 🚀
XAGUSD experienced a sharp correction, dropping nearly 15,000 pips — a natural reaction after such an extended move.Buyers eventually regained control just above the 70 zone, where the market established a solid floor.
However, the first rebound produced a lower high, and the following high was also lower — which currently shapes what appears to be a potential descending triangle structure (still unconfirmed at this stage).
❓ Key Question: Is the Correction Finished?
From a long-term perspective, there is no doubt about the dominant trend — Silver remains strongly bullish over the macro horizon.
But the short-term issue remains:
👉 Has the correction already ended, or is there more downside risk ahead?
Right now, the answer depends on two critical levels.
⚖️ Decision Levels to Watch
1️⃣ 74 Resistance Zone
A clean breakout above 74 would
✔️ invalidate the current corrective structure
✔️ confirm bullish continuation
✔️ open the door toward further upside extensions
2️⃣ 70 Support Zone
A breakdown below 70 would
⚠️ strengthen the descending-triangle scenario
⚠️ expose Silver to a deeper correction
➡️ potentially toward the 63 zone
📌 Trading Stance for Now
Given today’s low-liquidity environment, the prudent approach is:
👉 wait for confirmation rather than forcing a position
Price action around 70 and 74 will likely provide the next major directional clue. Until then — patience remains the best strategy. 🚀
تم فتح الصفقة
Silver broke above 74 zone.As long as this level remains intact, a new leg up is probable
🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.