$XAG
XAG/USDT (Silver) – 4H Technical Analysis
On the 4H chart, silver is clearly in a short-term bearish trend after rejecting the recent high near 90.00 and forming a series of lower highs and lower lows.
Trend: Bearish momentum remains dominant, with price trading below short-term moving averages and struggling to reclaim resistance zones.
Structure: After a sharp drop, price entered a weak consolidation around 79–81, followed by another breakdown toward 75 area, confirming continuation of the downtrend.
Volume: Selling pressure increased on the recent drop, indicating strong bearish participation.
Support & Resistance:
Key support: 75.0 – 74.3 (current demand zone)
Immediate resistance: 78.5 – 80.0
Major resistance: 84+
Outlook:
Bias remains bearish to neutral unless price reclaims the 80 zone. Continued weakness below 75 could trigger further downside toward 72–70. A short-term bounce is possible from current support, but likely corrective unless structure shifts.
Summary: Downtrend intact; look for sell-on-rallies until a clear reversal or strong breakout above resistance.