XAG/USD
Silver is currently trading near $80.18, moving in a short-term bearish correction with consolidation after the recent downside movement.
The market is currently stabilizing between key levels, suggesting that traders are waiting for a clear directional breakout.
Key Technical Levels
Resistance
• $81.50
• $82.80
• $85.00 – $88.00
Support
• $79.50
• $77.80 – $75.50
📉 Bearish Scenario
A breakdown below $79.50 could trigger further selling pressure toward $77.80 and possibly $75.50.
📈 Bullish Scenario
If price breaks above $81.50, silver could attempt a recovery toward $82.80 and the $85.00 level.
📌 The reaction around $79.50 support will likely determine the next short-term direction for silver.
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