Trading Update: $XAG ( Silver )
$XAG closed around 80.7 and broke below the rising trendline that had been acting as support. Losing this level suggests momentum is weakening and the market may move into a short-term corrective phase.
Outlook for next week:
• If price reclaims the trendline and holds, it could turn into a fake breakdown and continue higher.
• If price fails to reclaim it, a deeper pullback toward the 78 support zone becomes likely.
With ongoing geopolitical uncertainty, silver may remain volatile, so we’ll watch the early sessions closely and update accordingly.
XAGUSDT
Perp
73.48
+2.51%