I’m watching $XAG closely after a strong push from the 100 area. Buyers stepped in hard and drove price higher, but since the recent high, momentum has cooled and price is compressing. This isn’t weakness though — it looks like absorption, with sellers unable to push below key support. Structure remains solid, and as long as price stays above 102.20, I see continuation toward the highs as the cleaner play.
Trade Setup — $XAG Long
Entry Zone: 103.20 – 103.60
Stop Loss: 102.20
Target Points: 104.50 – 105.80 – 107.20
I’m entering here because the consolidation after the impulse suggests buyers are defending value and absorbing selling pressure. The structure is constructive, higher lows are holding, and downside momentum has stalled. This gives me confidence that the upside continuation is the cleaner path.
I’ll keep my stop at 102.20 — if that breaks, it shows sellers are gaining control and the setup fails. Otherwise, I’m targeting 104.50 first, with potential to reach 105.80 and 107.20 if momentum picks back up.
This setup works because the market is showing clear demand at this level, and the tight range after the impulse is a sign of accumulation, not distribution.
