XAGUSD | Silver Daily Analysis 📉
Silver is currently trading near a key supply zone around 88–90, where price previously faced strong rejection. After the sharp rally earlier this year, momentum is now slowing as the market forms lower highs and consolidation below resistance.
Price is hovering near the cloud support, but continued weakness could trigger a move toward lower liquidity zones.
Key Levels
• Resistance: 88 – 90
• Current Structure: 83 – 85
• Major Demand / Target: 69 – 70
Market Outlook
If price fails to reclaim the resistance zone and breaks below the current support structure, the market may seek liquidity near the 70 area, where a stronger demand reaction could appear.
Wait for confirmation and manage risk.
Silver is currently trading near a key supply zone around 88–90, where price previously faced strong rejection. After the sharp rally earlier this year, momentum is now slowing as the market forms lower highs and consolidation below resistance.
Price is hovering near the cloud support, but continued weakness could trigger a move toward lower liquidity zones.
Key Levels
• Resistance: 88 – 90
• Current Structure: 83 – 85
• Major Demand / Target: 69 – 70
Market Outlook
If price fails to reclaim the resistance zone and breaks below the current support structure, the market may seek liquidity near the 70 area, where a stronger demand reaction could appear.
Wait for confirmation and manage risk.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.