XAG/USD Update

Silver Market Update

Silver is currently trading near $83.76, moving in a sideways to slightly bearish consolidation phase.

This type of price action often indicates that the market is building liquidity before the next significant move.

Key Technical Levels

Resistance

• $84.50

• $86.20

• $88.00

Support

• $83.40

• $82.20

• $80.00

📈 Bullish Scenario

If silver breaks above $84.50, the next upside targets could be $86.20 and potentially $88.00.

📉 Bearish Scenario

A breakdown below $83.40 could accelerate selling pressure toward $82.20 and the $80.00 level.

📌 The reaction around $83.40 support will likely determine the next short-term direction for silver.

For more : https://t.co/2BkxilNbVF

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