XAG/USD (Silver) Technical Analysis (2H)
📊 XAG/USD (Silver) Technical Analysis (2H) 🥈
🔍 Market Overview
Silver is trading inside a range-bound structure after rejecting the recent swing high. Price is currently hovering near 57.60, where buyers are attempting a short-term recovery. However, the overall market structure remains cautious as price continues to trade below the major resistance.
📈 Bullish Scenario
Buyers need to reclaim and hold above 58.80–59.00 to regain bullish momentum.
A strong breakout above this zone could open the path toward the 60.95 major resistance.
Sustained buying volume is required to confirm continuation.
📉 Bearish Scenario
The recent rejection suggests sellers are still defending higher prices.
If the current bounce fails below resistance, a fresh bearish wave is likely.
The highlighted Order Block (55.50–56.00) becomes the first downside target.
A break below that zone could extend the decline toward the 54.80 support.
🎯 Key Levels
🚧 Resistance: 60.95
📦 Order Block: 55.50 – 56.00
🛡️ Major Support: 54.80
🧠 Trading Outlook
The market remains bearish below 59.00. Any short-term bullish retracement may provide better selling opportunities unless buyers manage to break and hold above resistance. For now, the probability favors a move toward the order block before any larger bullish continuation. ⚠️📉