FX.co ★ Elif | XAG/USD, SILVER

Silver Forecast Silver on the H4 timeframe is showing signs of recovery after a sharp bearish phase that pushed prices from above 73.00 down toward the 62.00–63.00 region. The market spent several sessions under heavy selling pressure, with sellers dominating momentum and forcing a series of lower highs and lower lows. However, recent price action suggests that buyers are beginning to regain control. Currently, Silver is trading around 67.38, a level that previously acted as resistance. The latest bullish candles have been strong and decisive, lifting price from the recent swing lows and driving it back toward the upper end of the current range. This rally has erased a large portion of the earlier decline and indicates that market sentiment may be shifting in favor of the bulls. One of the most notable signals comes from the Bull Power (13) indicator, which has climbed into positive territory and is reading around 2.24. After spending an extended period below zero, the indicator’s sharp move higher reflects increasing buying pressure. Strong positive Bull Power values often suggest that buyers are becoming more aggressive and are willing to push prices higher. From a technical perspective, the immediate resistance zone is located near 68.00–68.50. A clean break and close above this area could open the door for a continuation move toward 69.90 and potentially 70.80. If bullish momentum remains strong, traders may begin targeting higher resistance levels seen earlier in the month. On the downside, the first support now sits around 66.60, followed by the stronger support area near 65.20. As long as price remains above these levels, the short-term bullish structure remains intact. Overall, Silver’s H4 chart is showing improving momentum and stronger buyer participation. While resistance remains close overhead, the recent surge combined with positive Bull Power suggests that bulls currently have the upper hand. Traders should watch for a breakout above 68.00 to confirm whether this recovery can develop into a larger bullish trend in the sessions ahead.