๐Ÿฅˆ Silver Rebounds Above $90 โ€” Base Forming or Dead-Cat Bounce? ๐Ÿ‘€๐Ÿ“‰โžก๏ธ๐Ÿ“ˆ

XAG
XAGUSDT
77.65
+0.25%

$XAG Silver (XAG/USD) is trading near $90.3, recovering after a sharp drop from the $121.6 high. Strong dip-buying emerged near the 0.236 Fibonacci level at $83.2, highlighted by long lower wicks โ€” a clear defense by buyers.

๐Ÿ“Š Technical snapshot:

๐Ÿ›‘ Still below 200-EMA (~$96.5) โ†’ trend remains cautious

๐Ÿ“ˆ Higher lows forming, hinting at base-building

๐Ÿ“‰ RSI rebounded from <30 to ~45, easing selling pressure

โš ๏ธ Key levels:

โ€ข Support: $83

โ€ข Resistance: $94โ€“$95 (50-EMA)

โ€ข Upper resistance: $102

๐Ÿ“Œ Trade idea:

๐ŸŸข Buy strength while above $83

๐ŸŽฏ Target $94

๐Ÿ›‘ Invalidate below $71

โ€œReal tips. No hype. Trade smartโ€

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