XAGUSD maintains a bearish structure on the H1 timeframe, with prices repeatedly rejected below the 57.88 supply zone and trading beneath the Ichimoku cloud. Following a sharp decline, silver is consolidating within a narrow range; however, the absence of a strong reversal signal suggests that sellers remain in control.
Fundamentally, silver remains under pressure due to expectations that the Federal Reserve will maintain high interest rates, alongside elevated US Treasury yields and a strong US dollar. These factors dampen the short-term appeal of precious metals, rendering any price rebounds primarily technical in nature.
The preferred scenario is to wait for a price retracement to test the 57.88 level. Should a rejection signal emerge at this supply zone, XAGUSD is likely to resume its decline toward 56.08—a level where a demand zone and key support converge. Bearish pressure will only truly subside if the price closes above 57.88 on the H1 chart.
Fundamentally, silver remains under pressure due to expectations that the Federal Reserve will maintain high interest rates, alongside elevated US Treasury yields and a strong US dollar. These factors dampen the short-term appeal of precious metals, rendering any price rebounds primarily technical in nature.
The preferred scenario is to wait for a price retracement to test the 57.88 level. Should a rejection signal emerge at this supply zone, XAGUSD is likely to resume its decline toward 56.08—a level where a demand zone and key support converge. Bearish pressure will only truly subside if the price closes above 57.88 on the H1 chart.
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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.