$XAG – Testing Major Support, Ready for a Bounce?
Trading Plan: Long $XAG
Entry Zone: 77.50 – 78.50
Stop Loss (SL): 76.50
Take Profit (TP1): 79.60
Take Profit (TP2): 80.80
Take Profit (TP3): 82.50
Market Analysis:
Silver has faced a sharp rejection from the local high of 81.03, but it is now entering a high-interest buy zone. The price is currently stabilizing just above the green Supertrend line. While the momentum is temporarily bearish, the depth chart shows significant buy-side support building up around the 78.00 mark.
The selling pressure is slowing down as price nears the 77.80 support level. If the structure holds here, we expect a reversal toward previous highs as buyers reclaim control.
Trade $XAG here 👇
