#Silver Technical Analysis – Possible Continuation
Silver prices are currently trading around $89 after a strong rally from the $80-$83 demand zone.
Recently, the market structure has turned bullish after the emergence of a clear Choch pattern, indicating that buyers are in control.
Key Levels
Support: $85 – A significant support level that could act as a pullback area.
Resistance: $90-$91 – The previous weak high area.
Bullish Scenario
If prices pull back to $85 and hold support, silver prices could continue to rise and break the downtrend line.
Target Prices: $92 and $96.
Alternative Scenario
If prices break below $85, they could pull back to the $83 and $80 demand zones.
The overall structure remains bullish, but pullbacks are normal before a continuation of the upside.
Today's strategy: Buy on dips
In the short term, we can buy around 86-87, with a target of 89-90.
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Good luck! And Trade $XAG here 👈
