Looking closely at the current structure, silver is no longer maintaining the strong uptrend it had at the beginning of the month. After the sharp rise to the 88 region, the market is showing clear signs of distribution: prices are creating lower highs, the rebound is weakening, and sellers are continuously pushing prices down whenever there is a bounce.
On the H3 timeframe, XAGUSD has now fallen below all important dynamic support zones such as EMA34, EMA89, and the Ichimoku cloud. This indicates that short-term capital is withdrawing from silver quite rapidly instead of continuing to push prices higher.
Notably, the 76.8 region is now becoming the new "price ceiling" for the market. If silver continues to be rejected below this area, there is a high probability that the downward momentum will extend further towards the 70.7 region – which is currently the last support before the risk of panic selling.
On a macroeconomic level, silver is under double pressure:
• The USD strengthened sharply after better-than-expected US inflation data
• Rising US bond yields are causing money to flow out of precious metals
• Concerns about slowing industrial demand from China are also weighing on silver
Currently, the market feels more like a "sell the rally" than preparing for a new bullish move.
Preferred scenario:
Weak rebound → further selling → extended bearish trend to the 70.7 region.
On the H3 timeframe, XAGUSD has now fallen below all important dynamic support zones such as EMA34, EMA89, and the Ichimoku cloud. This indicates that short-term capital is withdrawing from silver quite rapidly instead of continuing to push prices higher.
Notably, the 76.8 region is now becoming the new "price ceiling" for the market. If silver continues to be rejected below this area, there is a high probability that the downward momentum will extend further towards the 70.7 region – which is currently the last support before the risk of panic selling.
On a macroeconomic level, silver is under double pressure:
• The USD strengthened sharply after better-than-expected US inflation data
• Rising US bond yields are causing money to flow out of precious metals
• Concerns about slowing industrial demand from China are also weighing on silver
Currently, the market feels more like a "sell the rally" than preparing for a new bullish move.
Preferred scenario:
Weak rebound → further selling → extended bearish trend to the 70.7 region.
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LEVEL UP YOUR TRADING
👉t.me/+aoROTvcQl3k4MzA1
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
👉t.me/+aoROTvcQl3k4MzA1
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
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.