XAGUSD (Silver) — Daily Market Outlook

Silver has broken below a symmetrical triangle pattern and retested the structure, placing the market at a crucial decision zone.

Price is currently trading below 71.50, a strong resistance level that previously acted as support.

📉 Market Structure

• Pattern → Triangle Breakdown

• Current Phase → Retest

• Momentum → Neutral

• Bias → Bearish unless breakout occurs

🔴 Resistance Levels

71.50 → Key pivot level

78.75 → Fibonacci 0.618 target

83.00 → Fibonacci 0.50 resistance

🟢 Support Levels

64.00 → First downside target

61.00 → Major support zone

60.97 → Liquidity low

📌 Conclusion

Silver is currently at a high-impact decision level, where 71.50 will determine the next major directional move.

Break above → Bullish continuation

Rejection → Bearish continuation

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