XAGUSD Analysis | Silver at Critical Support📉 XAGUSD Analysis | Silver at Critical Support
Silver is holding near the $47.30 – $48.00 support zone, with current price around $48.08.
📊 Trend
Medium-term bias remains bearish after the sharp drop from ~$54.50. A downward trendline continues to act as dynamic resistance.
🔻 Support Levels
Maintaining $47.30 – $48.00 is crucial. A breakdown below could trigger another strong leg lower.
🔺 Resistance Levels
Key barrier sits at $50.00 – $50.49, aligned with:
• Downtrend line resistance
• Previous support turned resistance
A sustained break above may signal early reversal momentum.
📌 Outlook
Price is consolidating near support. The structure stays bearish unless bulls reclaim $50.00 – $50.49 and close above the trendline.
