$XAGUSDT (Silver Perpetual) is trading around 112.27, showing a +2.21% daily gain. The market has experienced strong volatility in the last 24 hours, with a high near 118.33 and a low around 102.65.
On the 30-minute timeframe, silver initially surged toward 118.33 but faced heavy selling pressure, leading to a sharp correction down to 102.65.
However, buyers stepped in strongly near the 102–105 support zone, triggering a steady recovery. The price has now climbed back above short-term moving averages, indicating improving bullish momentum.
Technical indicators show:
MA(7): 111.30
MA(25): 108.89
MA(99): 107.64
The current price is trading above all three moving averages, which suggests a short-term bullish structure. The MA(25) and MA(99) are acting as dynamic support levels around 108–109.
Key levels to watch:
Immediate resistance: 113.50 – 115.00
Major resistance: 118.33
Immediate support: 108.80
Strong support: 105.30 – 102.65
Volume activity increased during both the sell-off and the recovery, showing active participation from traders. The order book sentiment shows slightly higher selling pressure, but price structure currently favors buyers.
Overall, the short-term trend appears bullish with recovery momentum, but the market remains volatile. A breakout above 113.50 could push the price toward 115 and possibly retest 118. On the downside, falling below 108 may weaken the bullish momentum.
Traders should remain cautious and manage risk properly due to ongoing volatility in commodities and crypto-linked markets. $XAG #Crypto
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