XAGUSD | Retracement Into Supply Before Continuation LowerSilver is currently in a short-term corrective pullback after the recent impulsive downside move. Price is approaching a key supply zone around 83.90, which previously acted as a distribution area.
This region could attract fresh selling pressure, potentially forming a lower high within the current bearish structure.
If price reacts from the supply zone, the market may continue the broader downside move.
Bearish scenario:
• Pullback toward 83.90 supply zone
• Rejection confirming lower high formation
• Continuation toward 81.50 liquidity target
The overall structure still favors sell-on-rallies unless price breaks and sustains above the supply zone.
Key Levels
Supply Zone: 83.70 – 83.95
Current Price: ~83.25
Liquidity Target: 81.50
Short