Silver (XAG/USD) – 4H Technical Outlook

Silver is currently trading near 82.60 after a strong rejection from the 94.00–95.00 supply zone, which triggered a Change of Character (ChoCH) followed by bearish continuation. This shift indicates that the previous bullish momentum has weakened and sellers are currently controlling the market structure.

Price is now approaching a major demand zone between 79.50 and 78.00, which could act as a key decision area for the next directional move. If buyers defend this zone, a corrective rebound may occur. However, a decisive break lower would confirm further downside expansion.

Market Structure

• Bearish shift after rejection from major supply

• Lower highs and lower lows forming

• Price trading below 20 EMA and 50 EMA, confirming downside pressure

Key Levels

Resistance: 87.00 | 90.00 | 94.00

Support: 79.50 | 78.00 | 73.00

Bullish Scenario

If price holds above the 79.50–78.00 demand zone, buyers may attempt a rebound toward 87.00 and potentially 90.00.

Bearish Scenario

A decisive breakdown below 79.50 would confirm continuation toward 78.00, with deeper downside potential toward 73.00.

Bias

Short-term bearish, unless the 79.50 demand zone holds strongly.

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