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. 🚀
Trade attivo
Silver broke above 74 zone.As long as this level remains intact, a new leg up is probable
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💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
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🎯 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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.