Silver is currently testing a major support and demand zone around the 80 level, where the market has reacted strongly in the past. After a sharp bearish move and continuous BOS (Break of Structure), price has reached a strong liquidity area where buyers may attempt to defend the market. This zone is important because it aligns with previous lows and strong volume support.
If silver manages to hold above this support, a corrective recovery could begin with price targeting the 82.00 – 83.50 resistance zone, where previous supply and liquidity are positioned. A bounce from this level would indicate short-term accumulation and potential bullish momentum building.
However, if the 80 support breaks with strong bearish momentum, it could trigger further downside as liquidity below the lows gets taken. In that case, the next possible supports could appear near 79.20, followed by a stronger demand zone around 78.00, where buyers may step in again.
With global geopolitical tensions and market uncertainty increasing, safe-haven metals like silver may experience volatility. This makes the current level a key decision zone where the market could either form a rebound or continue the bearish expansion toward lower liquidity levels.
If silver manages to hold above this support, a corrective recovery could begin with price targeting the 82.00 – 83.50 resistance zone, where previous supply and liquidity are positioned. A bounce from this level would indicate short-term accumulation and potential bullish momentum building.
However, if the 80 support breaks with strong bearish momentum, it could trigger further downside as liquidity below the lows gets taken. In that case, the next possible supports could appear near 79.20, followed by a stronger demand zone around 78.00, where buyers may step in again.
With global geopolitical tensions and market uncertainty increasing, safe-haven metals like silver may experience volatility. This makes the current level a key decision zone where the market could either form a rebound or continue the bearish expansion toward lower liquidity levels.
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Price retesting the broken support. Holding above this level could confirm bullish recovery
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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.