FX.co ★ absh kaat | XAG/USD, SILVER

I wish everyone a productive evening and I continue to focus my attention on the precious metals market, specifically on Silver, as I analyze its structure across multiple timeframes. I am using the daily and hourly charts because I want to combine a broader strategic perspective with precise intraday execution, and I rely on indicators and oscillators to refine my understanding of momentum and market balance. I observe that the current quote stands near 87.65 dollars per troy ounce, and I recognize that this positioning keeps the metal within a dominant upward structure that has been forming over recent weeks. I see a picture that resembles the structure I have previously observed in Gold, yet I also acknowledge that silver is showing its own technical nuances, particularly around the mirror resistance level at 91.58. I note that this 91.58 zone previously acted as a key turning point several weeks ago, and I now interpret its current behavior as a technically significant barrier that is temporarily pushing the asset back. I understand that repeated testing of such a resistance level often weakens it over time, and I consider the predominance of the uptrend as evidence that bullish pressure is gradually building beneath this ceiling. I rely on the daily timeframe to give me a global view of market direction, and I see that the broader structure continues to support the idea of continuation rather than reversal. I also monitor the hourly timeframe to identify short-term pullbacks and breakout opportunities, and I believe that if 91.58 is decisively broken with strong momentum and consolidation above it, I will expect the path to open toward the psychological zones of 97 and eventually 100 dollars per troy ounce. I remain cautious, yet I stay aligned with the prevailing bullish trend as long as price structure and momentum indicators continue to confirm upward dominance.

I continue to closely monitor Silver prices, and I clearly see that after a healthy pullback the futures have confidently resumed their upward movement, reinforcing my broader bullish outlook on Silver. I observe on the daily chart that the price is trading firmly above the Ichimoku cloud, and I interpret this positioning as a strong indication that bullish momentum remains intact and structurally supported. I understand that when price holds above the cloud, it reflects underlying trend strength, and I view this as a technical foundation for considering long positions. I also note that stochastic indicators are aligned with this perspective, and I read their positioning as confirmation that upside pressure still dominates despite previous consolidation phases. I recognize that during the last trading session the futures continued to move north, and I see that market participants managed to consolidate above the pivot level, which I interpret as a sign of acceptance of higher prices rather than exhaustion. I currently see the price trading around 86.76, and I believe this stability near elevated levels reflects sustained bullish control. I set my intraday buying targets at the classic pivot resistance levels, as I consider them logical reference points for short-term continuation. I believe that if momentum persists, a decisive break above the second resistance at 93.14 could trigger a new impulsive wave, and I anticipate that such a breakout would open the path toward the 101.60 region, where I expect further trend expansion. I also remain aware that if sellers return aggressively, I will monitor the 76.16 support level near the upper boundary of the Ichimoku cloud, because I see that zone as the key structural defense for bulls in the current market phase.