FX.co ★ FX-Perfact | XAG/USD, SILVER

Silver H4: A Potential Bounce From the 66.80 Support Zone Silver is currently showing an interesting setup on the H4 timeframe, with price trading around the 66.80 area after a sharp recovery from the recent low near 63.50. The latest structure suggests that buyers are attempting to regain control after the previous correction, making the current zone important for the next directional move. One of the key points on the chart is the 66.80 level, which has acted as an important price area. Silver has returned to this region after recovering from the recent decline, and the candles around this level show hesitation rather than aggressive selling. This could indicate that buyers are defending the area and preparing for another upward move. The moving averages also provide useful confirmation. The blue moving average remains above the red moving average, while both are positioned below the current price structure. This generally supports the idea that the broader H4 momentum is still constructive. As long as silver remains above the nearby support region around 65.50–66.00, the bullish structure can remain valid.

If buyers successfully hold 66.80 and push price above the recent local resistance around 67.20–67.50, the next upside targets could be around 68.30 and then 69.50–70.00. A stronger breakout above 70.00 could open the way toward the recent high near 71.80. However, confirmation is important. If price repeatedly fails to hold 66.80 and closes below the 65.50 area, the bullish setup would weaken and a deeper correction could develop. For now, the chart favors watching for a confirmed bounce from the 66.80 region rather than chasing the move. A strong H4 rejection followed by a higher high would provide a cleaner signal that buyers are stepping back into the market.