FX.co ★ zunaira7518 | XAG/USD, SILVER

Hi traders Silver is still looking pretty strong on the 1H chart, even though the market slowed down a little near the latest candles. Buyers are clearly defending the higher zones and every dip is getting picked up quickly. The trend from the 6th until now has been mostly bullish, with price creating higher highs and higher lows almost the whole way. That strong breakout around the 12th gave the market fresh momentum and since then silver has stayed comfortably above the important support zones.

Right now the main support area looks close to 86.00 while another stronger support is sitting near 84.50. As long as price remains above these levels, bulls still have control in my opinion. The Bollinger Bands are also showing that volatility increased after the breakout, but currently the market is trying to consolidate before the next move. Usually after such a sharp rally, some sideways movement is healthy because it allows the market to cool down before another push. The moving average line is still below the current price, which is another sign that the overall trend remains positive. Sellers tried a few times to push price lower, especially after touching the upper band, but they failed to break the structure. That tells me buyers are still active in the market. For the upside, the immediate resistance is around 88.70. If silver manages to break and close strongly above that level, then we could easily see another bullish continuation toward the 90 area soon. On the other hand, if price falls below 86 decisively, then short term bearish pressure may appear and the market could revisit lower supports. Personally, I still prefer buying dips instead of chasing sells. The trend is clearly favoring buyers for now, and unless we get a major bearish candle with strong volume, I think silver may continue grinding upward slowly. Traders should still manage risk carefully though because metals can move aggressively during news sessions, especially with USD volatility and rate expectations affecting the market sentiment. Another thing worth noticing is how price keeps respecting previous breakout zones instead of collapsing back under them. That usually shows confidence from institutional buyers. Momentum is not explosive right now but the structure still looks cleaner than many other markets lately. I will be watching the next US session closely because a strong bullish reaction there could confirm continuation toward fresh highs again before the week ends for silver traders