Silver (XAGUSDT) moved lower in today’s session, with price testing the 104–105 support zone after a volatile intraday move. The decline comes following an extended rally, suggesting the current move may represent a healthy pullback rather than a full trend reversal.
On lower timeframes, price action shows silver consolidating near important support levels, where buyers have previously stepped in. Holding above this zone could allow the market to stabilize and attempt a short-term recovery.
📌 Key Levels to Monitor
Primary Support: 104.0 – 103.5
Strong Demand Zone: 101 – 100
Upside Resistance: 108 – 110
Volume activity during the move indicates active participation from both buyers and sellers, highlighting ongoing price discovery. A successful defense of current support may open the door for a bounce toward higher resistance levels, while a confirmed break below would signal the need for caution.
🔎 Outlook:
Silver remains near a critical inflection zone. As long as price respects support, the structure allows room for stabilization and upside attempts, making this level important for traders to watch closely.
👉 What’s your view — bounce or deeper pullback? Share your thoughts below.
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