CFDs on Silver (US$ / OZ)
Short
Updated

Bearish Trend Continuation & Key Support Levels Analysis

5 772
Market Sentiment & Structure:
The Silver (XAG/USD) 4-hour chart currently exhibits a clear Bearish Market Structure, characterized by a series of Lower Highs (LH) and Lower Lows (LL). The price is respecting a significant descending resistance trendline, indicating sustained selling pressure at higher levels.
Key Technical Observations:
* Major Resistance Zone ($95.75 - $103.80): This area represents the primary supply zone where institutional selling was previously triggered. As long as the price remains below this threshold, the macro outlook remains bearish.
* Critical Pivot Level ($78.74): The price is currently testing immediate horizontal support. A sustained breakdown below this level will likely accelerate the downward momentum.
* Primary Demand Zone ($64.14): This is the major liquidity pool and support target. We expect significant buyer interest or potential consolidation to occur within this blue-shaded demand zone.
Trading Outlook:
The current price action suggests a "Sell on Strength" strategy. Any short-term retracements toward the descending trendline or the $85.00 resistance area are viewed as potential entry points for bearish continuation.
### Executive Summary (Bullet Points)
> * Trend: Strongly Bearish (Descending Channel).
> * Immediate Resistance: $80.18 - $85.00.
> * Key Support Target: $64.14.
> * Invalidation Point: A daily candle close above the $95.75 swing high.
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