xag

$XAG experienced a sharp rejection from the 92.30 supply zone, which marked the end of the previous bullish leg and triggered an aggressive corrective move. The sell-off accelerated into the 64.50–66.00 major demand zone, where price formed a strong rejection with long lower wicks, signaling capitulation and exhaustion of sellers. This reaction was followed by a decisive rebound, forming a V-shaped recovery toward the 76–78 region, supported by improving volume. The current structure indicates that downside momentum has weakened and the market is transitioning into a stabilization and recovery phase, although a full bullish reversal is yet to be confirmed.
From a level-based perspective, immediate support lies at 73–75, a zone that must hold to sustain the ongoing recovery. A failure below this level would expose price back toward the 64.50–66.00 demand area, which acts as the key invalidation level for bullish scenarios. On the upside, initial resistance is positioned at 78.50–81.50, followed by a major supply zone between 87–92, where strong selling pressure previously emerged. A clean 4H close above 81.50, accompanied by volume expansion, would signal a structural shift and open the path toward 87 and potentially 92. Until resistance is reclaimed, $XAG remains in a high-volatility transition zone, favoring disciplined, pullback-based strategies rather than aggressive breakout chasing.
Not Financial Advice)
Disclaimer: I am not your financial advisor.
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